Here's to Your Success!

Keywords:
SBA
Minority business loans
Business Plans for Small Start Up

I have long questioned the statistics that came out of the SBA on the survival rate for new businesses. I have found that entrepreneurs as a whole are a pretty hardy lot, able to adjust, revamp and design themselves for success. After all, their very livlihood depends on it.

The SBA used to say that about half of all businesses fail in the first year.

Latest statistics from the Small Business Administration (SBA) reveal that “two-thirds of new employer establishments survive at least two years, and 44 percent survive at least four years.”

This is better than what they used to say, but I think they are still off base. I think the stats include all businesses that are "no longer there". But not being there certainly doesn't mean there was a failure. On the contrary, it could well mean that the business was bought out by a larger company, was re-fashioned into a corporation, took on some new partners. Any number of things can happen to a business that makes it a different company, but a venture that is still successful.

No, if you have gone to the hassle of researching your company, financing it, and taking it through the beginning months, you are in it to stay. Congratulations!