Courtesy of gruntzooki, via flickr
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22. May. 2008
Businesses start and fail in the United States at an increasingly staggering rate. Every year, over 500,000 people start a business of some sort. By the end of the first year, at least 40% of them will be out of business. Within 5 years, more than 80% of them—400,000 people—will have failed!
And, if your business has managed to survive for 5 years or more, don't breathe a sigh of relief. More than 80% of the enterprises that survive the first 5 years will fail in the second 5 years. Why is this? Why do so many people go into business, only to fail? What lessons are they not learning? Why is it that with all the information on how to be successful in business, so few people really care?
"I think that maybe inside any business, there is someone slowly going crazy."
—Joseph Heller, Something Happened
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From: Christos
10:55 EDT, 31.May.08