By Omar Barraza
Studies by the Small Business Administration (SBA) show that about two-thirds of new small businesses with employees are still operating after two years and half survive their first five years. More than half a million businesses are started each year, but a similar number are closed. Generally, less than fifty thousand bankruptcies occur each year.
Studies by the Small Business Administration (SBA) show that about two-thirds of new small businesses with employees are still operating after two years and half survive their first five years. More than half a million businesses are started each year, but a similar number are closed. Generally, less than fifty thousand bankruptcies occur each year.