Quote:
Originally Posted by da1prophet  Your point is well taken, but I'd also suggest that the restaurant business has some unique challenges that might not be applicable to small businesses in general... |
Indeed the restaurant business does have unique challenges, but then so do most businesses have unique challenges. They're just different ones. If we cut out the businesses facing unique challenges, there won't be much left.
The second link reported:
“The data show that, across sectors, 66 percent of new establishments were still in existence 2 years after their birth, and 44 percent were still in existence 4 years after. (See chart 1.) It is not surprising that most of the new establishments disappeared within the first 2 years after their birth, and then only a smaller percentage disappeared in the subsequent 2 years. These survival rates do not vary much by industry.”
That means by year 2, across sectors 34% failed and in year 4, it was 56%. These stats weren't much different from the stats from the stats for restaurants: 30% and 55%. Now we can go on and split hairs about the statistics and how relevant they are. But that would be interesting to do, however, we're wondering what the percentage of websites are that fail...
Anyone?