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There is a high amount of risk in starting your own small business. The majority of businesses started fail within the first year. When starting a business you are risking either your capital or someone capital which could hurt you financially.
Peter Jones is known as an entrepreneur. An entrepreneur works to make their own small businesses. Peter Jones had a failed computer business when he first started off. Now he has worked towards other businesses.
They owned a bicycle shop in Dayton, Ohio named Wright Cycle Co.
California, Texas, and Florida. This is my first time doing this so I hope I don't disappoint anyone!
First an example of small businesses include grocery,bakeshop and restaurants. An enterprise of these would be a chain or franchise owned by a sole proprietor.
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Half the new firms fail within the first five year. (Case in point: Restaurants)
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If there is no profit the business fails because thats the reason for the business in the first place. :-)
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Typically they do not survive. It is estimated that well over 90% of all new businesses started will go out of business within the first year.
It is estimated that ninety five percent of all small businesses will fail within the first five years. The overwhelming cause of these failures is poor financial management and bad bookkeeping.