Reinventing America

  • Of 670,000 businesses started in 2006,only 10% survived. Ninety-five (95.3%) of these businesses had fewer than 20 employees.
  • The best-recorded year for start-ups was 1995 when 16% of new businesses survived.
  • Since 1995, the start-up success rate has been declining - punctuated by the loss of 106% of new businesses in 2001.
  • The average small business survival rate over the last decade was less than 1 in 10. (> 9%)

These less than stellar statistics do not reflect a lack of effort. Monthly, thousands of entrepreneurs start up new businesses with the hope of being that one in ten, of being that startup which crosses the infamous five year survival mark into anticipated business maturity. The other nine can only watch in envy.

Imagine the impact of being able to raise the average start-up survival rate to 20 or 30%, while increasing the potential for these businesses to have the solid foundations necessary to grow.

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©2007 Cambridge R&D

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