Quote Originally Posted by fungus pudding View Post
Where did you get that 95% rate of business failure from, and what makes you believe it?
A figure way back in college taking a course on small business. Over 50% fail after 5 years. But add those existing businesses that started before also fail a different 5 year window time frame. For eg there's a huge portion of small businesses we see today in smaller towns have closed up - call it the invasion of The Warehouse and or 'online shopping', such shops that existed decades below have vanished ie. Dick Smith Electronics. Another way to look is in the past 50+ years, what % of those are still around today? This is why banks are very weary about lending $ to small businesses ; not just counting new startups but also existing businesses that get into cash flow problems.