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Discussion- Small Business Survival
According to the Small Business Administration: Small Business Survival Rates Small Business Openings & Closings in 2008:
• There were 627,200 new businesses, 595,600 business closures and 43,546 bankruptcies.
• Seven out of 10 new employer firms survive at least two years, and about half survive five years.
• Findings do not differ greatly across industry sectors.
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