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According to the SBA ( Small Business Administration ) , the five - year survival rate of new businesses for the period 1 9 9

According to the SBA (Small Business Administration), the five-year survival rate of new businesses for the period 1994-2019 was 48.9%(in other words, more than half of the businesses failed within five years!). Please look over the 2021 Frequently Asked Questions from the SBA Offi for Advocacy ?3, which provides us with some statistics and an overview of the impact of small businesses, and discuss what a small busines would need to do to make it sure it is successful. What strategies could a small business employ to ensure it survives?
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