Why 50% of Small Businesses Fail in 5 Years: And the Hidden Problems No One Warns You About

Most people have heard some version of the claim that “most small businesses fail.” The numbers are often exaggerated, misunderstood, or used as scare tactics. The reality is more nuanced, and far more useful. According to U.S. Bureau of Labor Statistics data, roughly 20 percent of businesses fail in their first year. By year three, […]