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Shanu Chhetri

CS student | Tech En... • 1m

Generally, new business success rates are around 10% to 20% over the long term. However, many factors determine potential startup success. The vast majority of owners who run successful startups claim to have relevant qualifications and experience in running their own businesses, according to Small Business Trends. Another contributing factor to businesses’ long-term success is the owners’ ability to meet the needs of potential customers and implement proper risk management into their small business administration. Below are notable small business success rate statistics. Key Statistics First-time small business owners have a success rate of 18%. Business owners who failed in the past have a slightly higher startup success rate of 20%. Business owners who started a successful startup in the past have a business success rate of around 30% when starting a new venture.

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