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Survival rates for Australian small businesses

chris

Top Contributor
Following on from the post yesterday about the trend in people starting their own businesses, here's something related.

Demographic research company McCrindle Research says start-ups in healthcare and social assistance have a 64.8% survival rate over four years, financial and insurance services a 59.1% survival rate and rental, hiring and real estate services a 59% survival rate.

McCrindle also identifies the sectors in which start-ups are least likely to survive: administrative support services (44.2% over four years), public administration and safety (44.5%), and transport, postal and warehousing (46.5%).

http://www.startupsmart.com.au/plan...australian-small-businesses/201306049894.html

Cheers,
Chris
 

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