Enterprise Survival Rates in the U.S. (2006-2010)
by SavvyRoo on Dec 15, 2014 | Views: 94 | Score: 0
| Percent survival in... Manufacturing | Services | |
|---|---|---|
| 1st year | 91.33 | 83.11 |
| 2nd year | 77.84 | 74.16 |
| 3rd year | 65.87 | 57.5 |
| 4th year | 57.8 | 54.07 |
Sources:
oecd-ilibrary.org
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In both the service and manufacturing sectors, the percent survival rate of new enterprises is between 50 and 60 percent by the fourth year of existence. Entrepreneurs really do have to have a thick skin.