Fact Check Will 9 out of 10 New Businesses Fail?Fact Check Will 9 out of 10 New Businesses Fail?
There’s an oft repeated urban legend that 9 out of 10 businesses will fail. There’s a variation of this myth stating that up to 95% of restaurants fail in their first year. In 2013, the illustrious Forbes even ran a story called, “Five Reasons 8 out of 10 Businesses Fail.”