Renee' Burgos
Renee' Burgos, recently took a risk for he and his family by choosing to move to the United States from Columbia. Although he owned a cafe' and bakery in his home country of Columbia, he considered the future and felt his family would have better long-term opportunities in the U.S.. He is considering a career in small business. During his research to learn more about small business and entrepreneurship in America he has discovered frightening statistics along with contradictory and confusing information. Can you help him?
-Refer to Renee' Burgos. What would you tell Mr. Burgos about his chance of success in his new business?

Question

Quizplus · Accepted Answer

While starting a small business comes with risks, there is no reason to believe that Mr. Burgos would have no chance of success as an immigrant. According to a study by the Small Business Administration, the survival rate of businesses in the U.S. is around 80% within the first eight years. This suggests that while there is a chance of failure, Mr. Burgos has good odds of success, particularly if he is able to weather the initial challenges of starting a new business.

Renee' Burgos Renee' Burgos, Recently Took a Risk for He and His