07/08/2026
34.7 percent of business establishments born in 2013 were still operating in 2023
Overall, the survival rate for private-sector establishments born in March 2013 dropped most in first year of operation, as the rate fell by 20.4 percentage points from 2013 to 2014. This pattern held for all large industry groups, with the sharpest decline occurring in construction (−24.0 percentage points). Survival rates generally continued to decrease every year, typically declining less steeply as time passed.
https://www.bls.gov/opub/ted/2024/34-7-percent-of-business-establishments-born-in-2013-were-still-operating-in-2023.htm
Key to surviving:
The right people in the right positions
Strictly managing finances
Solid business plan
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