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Money Mag findings


General Business Discussions

A place to talk about general business discussions.
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Old 12-21-2006, 06:36 PM
tiedeman
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Here are some interested findings from Money Magazine in regards to starting up your own business


The average time it takes a business for profitability is 3 YEARS


Only 47% of businesses make a profit in their 1st YEAR


66% of companies are still in business after two years, BUT.....
Only 44% of companies make it after four years



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Old 12-22-2006, 01:17 PM
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Some good statistics to show how tough it is to get a business off the ground.

When you sit there and think about how few businessess actually make it, it's kind of overwhelming especially if you are just starting out.
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