A closer look at the state of small business survival

Interesting slide shows about the world Slideshow World by [ArcaMax](?ezine=782&lctg=undefined&r=5BXm1jg_trrAqgZN6Zb1uBygppI7_hQnwCPX-HIi9W5DOjMyNzAwODM2NDpKOjIxODUzODk6TDo3ODI6UjoyMjk1MzA6VjoxMjY) [A closer look at the state of small business survival]( Dom DiFurio [ A closer look at the state of small business survival ]( [See full slideshow »]( Only 1 in 4 companies last for more than 15 years. Still, this daunting statistic hasn't stopped countless small business owners and entrepreneurs from testing their luck, dreaming up new services and products consumers and clients will love, and fulfilling a passion that pays off financially for themselves and the employees they hire. Growthink used Bureau of Labor Statistics data to analyze national small business survival trends. Data on establishments' age and survival is available from 1994 through 2022. Today's economic environment is perpetually uncertain, prone to sudden shifts based on the decisions of faraway governments where portions of globalized U.S. supply chains lie. Recent polling from consulting giant PwC suggests that businesses can't afford to be complacent: 2 in 5 chief executives worldwide don't think their companies can survive the next 10 years as they're currently run. That's a considerable concern for leaders charged with the ultimate economic viability of their companies. Those CEOs cited regulations, labor shortages, and changing customer preferences among the reasons their businesses could fail to turn a profit in the coming decade. Climate change, and the costs incurred from the damage it wreaks globally, are also on the minds of most business leaders polled by PwC in late 2022. Climate disasters since 1990 have cost an estimated $6 trillion in global economic losses, according to a recent study conducted by doctoral students at Yale. But with change and danger comes opportunity. Entrepreneurs have regularly reinvented existing industries and created new ones. But first, they just have to survive. Visit thestacker.com for similar lists and stories. [Tweet It]( - [Facebook It]( Sponsor [ Binge Celebrity Gossip! ] Binge Celebrity Gossip! Get the most interesting celebrity news daily with the new Binge Gossip newsletter. You'll be the first to read about the most interesting events from the personal lives of the rich and famous. [Subscribe Now Instantly]( -- From the ArcaMax editors More Slideshow World from ArcaMax.com - [How small businesses plan to prepare for a recession]( - [How employment of women in the trucking industry has changed over the past 20 years]( - [Could 2023 be the year offshore wind energy takes off in the US?]( [Click To Unsubscribe]( | [Customer Service]( | [Privacy Policy]( | [California / Nevada Privacy Info]( 1706 Todds Lane, Box 311, Hampton, VA 23666 Copyright © 2023 ArcaMax Publishing [Facebook]( [Twitter](/ArcaMax)