“There are lies, damned lies, and statistics.” -Benjamin Disraeli
For one of my upcoming posts I’ve been scouring the web trying to find statistics on how many small businesses fail after a certain amount of time. The first few articles I read said that over half of small businesses fail during the first year and that something like 90% fail before their 5 year anniversary. These are dismal stats and definitely very disconcerting to a newbie business owner like myself. I continued digging, hoping to find some good solid numbers to back up what I had read, but as it turns out, there really aren’t any.