my best life 07.10.17.1204P

It’s easy to jump to the conclusion that it was probably a
little bit of both. But, is that really the answer?
In the past when my marketing business was slow, I
would often provide an excuse that my clients and
prospects were going through an economic downturn.
Once the economy picks up for them, business will pick
up for me and that was a philosophy I lived by.
The truth is, I had no idea if that was true or not.
According to the Bureau of Labor Statistics’ here’s what
small business survival rates looks like in America.
About 80% of small businesses will survive their first
year in business. (This is largely against the myth that 95%
of all small businesses fail in the first year.)
About 66% of small businesses will survive their
second year in business
About 50% of small businesses will survive their fifth
year in business.
About 30% of small businesses will survive their tenth
year in business.
Notice that the success rate begins to drop as the years
progress… this is to be expected.
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