Tuesday, January 27, 2009

Success of Small Business Decreases?

Hey,

During the power point of chapter 1 there was a slide that showed the success of a small business over the course of ten years. I was amazed to see that over time the success decreased. I found this information to be very interesting. Does this imply that most small business will fail eventually? Also, does anyone have any ideas why the success rate decreases every year?

Paige

3 comments:

  1. mmm....that phenomena seems a little strange. Perhaps we can look into a bit more.

    ReplyDelete
  2. This comment has been removed by the author.

    ReplyDelete
  3. I think I read somewhere that more businesses fail rather than succeed. And I also read that many successful entrepreneurs had a number of failed businesses before coming up with a winning idea. Regardless, I'm going to remain positive that I will succeed, since believing that your business will be one of the success stories has to be a prerequisite for making that belief a reality :-)

    ReplyDelete