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The normal rate for small business failure is 20% in the first year. Does 40% in two years seem out of line? Without some normal value, '40% died' is just clic
by JoeAltmaier 5y ago
The normal rate for small business failure is 20% in the first year. Does 40% in two years seem out of line?
Without some normal value, '40% died' is just clickbait.
- obviouslynotme 5y agoIt's higher than that depending on the industry, but you are assuming that 100% of small businesses started right as the lockdowns hit. Most small businesses that make it past the first couple years last a long time.
- JoeAltmaier 5y ago{citation}