In celebration of our 23rd anniversary, we gathered data to understand the average small business survival rate in the United States.
In a recent report, the Small Business Administration (SBA) observed that from 1994-2020, an average of 67.7% of new employer establishments survived at least two years. In the same time period, the five-year survival rate was 48.9%, the ten-year survival rate was 33.7%, and the fifteen-year survival rate was 25.6%. HRCap forecasts that the twenty-year survival rate would significantly drop to 6.47%.
We recognize how challenging and difficult it is to operate and sustain a business for over 20 years and are grateful for all those who have journeyed with us over the past 23 years.
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