Business Survival Rate: What Makes One Industry So Durable

According to the U.S. Bureau of Labor Statistics , roughly 20.4% of businesses close in their first year, and 65.3% close within 10 years. If you’re wondering where your business stands against those odds, you’re not alone, but there’s a more useful question to ask than how many businesses succeed: what separates the businesses that last from the ones that don’t?