Episode 24 - Small Business Failures - Reason For It?
- Author
- Jim Frey
- Published
- Mon 19 Apr 2010
- Episode Link
- https://www.podomatic.com/podcasts/doughforthedream/episodes/2010-04-19T13_34_21-07_00
In this economy, we hear a lot about bank failures, lost jobs, and business troubles. Things often sound grim for the business world. The media doesn't discuss the small business realm much. I am often asked; "How do small businesses play into the mix?"
The latest statistics from the Small Business Administration show that "two-thirds of new employer establishments survive at lease two years, and 44 percent survive at least four years." This is a big difference from the previous long-held belief that 50 percent of businesses fail in the first year and 95 percent fail within five years.
Listen for more - and why they sometimes fail....
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