Statistically, approximately what percentage of all new businesses can be expected to fail within their first seven years?

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Business

Isabela

23 October, 01:21

Statistically, approximately what percentage of all new businesses can be expected to fail within their first seven years?

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Rodolfo Bryan · Answer 1

The percentage of all new businesses that can be expected to fail within their first seven years is about 70% of the total businesses newly established. Some of the many reasons of failure is commonly, mismanagement due to limited knowledge of business techniques.