(Consider This)Approximately what percentage of start-up firms in the United States go bankrupt within the first two years?
A) 3.5.
B) 10.2.
C) 22.
D) 53.

Question

Quizplus · Accepted Answer

According to data from the Small Business Administration, approximately 22% of start-up firms go bankrupt within the first two years of operation. This means that almost one in four new businesses will not survive past their second year. It is important for entrepreneurs to be aware of this risk and to take steps to minimize the likelihood of failure, such as conducting thorough market research, securing adequate funding, and creating a solid business plan.

(Consider This)Approximately What Percentage of Start-Up Firms in the United