Question: According to the SBA ( Small Business Administration ) , the five - year survival rate of new businesses for the period 1 9 9

According to the SBA (Small Business Administration), the five-year survival rate of new businesses for the period 1994-2019 was 48.9%(in other words, more than half of the businesses failed within five years!). Please look over the 2021 Frequently Asked Questions from the SBA Office for AdvocacyLinks to an external site. , which provides us with some statistics and an overview of the impact of small businesses, and discuss what a small business would need to do to make it sure it is successful. What strategies could a small business employ to ensure it survives?

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