Comments on: Are Small Businesses More Resilient? http://www.paysimple.com/blog/are-small-businesses-more-resilient/58 Thoughts from PaySimplers—who aspire to make the world better one small business at a time. Tue, 06 Jan 2009 12:00:58 +0000 http://wordpress.org/?v=2.5.1 By: Chad Gardner http://www.paysimple.com/blog/are-small-businesses-more-resilient/58#comment-564 Chad Gardner Wed, 22 Oct 2008 18:03:32 +0000 http://www.paysimple.com/blog/?p=58#comment-564 Thanks for pointing this out and contributing this link, Steve. As far as I am concerned, I am glad we are wrong in this case -- it is great to know that small businesses are doing better than commonly believed. Thanks for pointing this out and contributing this link, Steve. As far as I am concerned, I am glad we are wrong in this case — it is great to know that small businesses are doing better than commonly believed.

]]> By: Steve http://www.paysimple.com/blog/are-small-businesses-more-resilient/58#comment-563 Steve Wed, 22 Oct 2008 17:19:15 +0000 http://www.paysimple.com/blog/?p=58#comment-563 The "75% of new businesses fail in the first two years" is well known. It is also wrong. The survival rates are quite a bit higher. Recent studies show that 70%+ small businesses survive 5 years or more. Take a look at: http://genylabs.typepad.com/small_biz_labs/2007/08/data-on-small-b.html for more on this topic. Other studies show that about half of new small businesses survive 5 years or more. So while there is debate in research circles about small business survival rates, 25% over two years is way too low. The “75% of new businesses fail in the first two years” is well known. It is also wrong. The survival rates are quite a bit higher. Recent studies show that 70%+ small businesses survive 5 years or more. Take a look at: http://genylabs.typepad.com/small_biz_labs/2007/08/data-on-small-b.html for more on this topic.

Other studies show that about half of new small businesses survive 5 years or more. So while there is debate in research circles about small business survival rates, 25% over two years is way too low.

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