According to the Bureau of Labor Statistics (2005) most failures occur in the first two years
Across sectors, ~66% of new establishments were still in existence two years after their birth
~44% were still in existence four years after
ÅgIt is not surprising that most of the new establishments disappeared within the first two years after their birth, and then only a smaller percentage disappeared in the subsequent two years
These survival rates do not vary much by industryÅh
Not all closures are failures
~33% of closures were successful businesses
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