Studying Start-ups
Kauffman Firm Survey (KFS) follows nearly 5,000 businesses founded in 2004 and tracks them over their early years of operation. Here are some interesting results:
More than a third of businesses (37 percent) had no revenue in their first year of operation while about 17 percent of businesses had profits in excess of $100,000.
Just under 9 percent of firms closed in one year and the survival rates vary by owner demographics.
Nearly 60 percent of the businesses had no employees in their first year while very few businesses (less than 4 percent) had more than 10 employees.
To learn more about the results of this survey, visit the Kauffman site.
Category: Running a Strong & Efficient Business
Tags: small business , start-ups
March 16, 2020
