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Businesses that Never Fail? 6 Businesses with Amazingly Low Failure Rates
Businesses that Never Fail? 6 Businesses with Amazingly Low Failure Rates (00:00) most businesses fail the question is how can you have a business that doesn't fail we've found six businesses with the lowest failure rate associated with them this is all backed by data because I think it's valid to be worried about having a business that fails I mean according to the US Bureau of Labor Statistics uh which sounds really fancy and official uh 20 of us small businesses fail within the first year then that jumps up to like 50 by the year five and after ten years two-thirds of all businesses have gone under that's (00:32) not good odds not great odds at all so if we actually look at the data to figure out which ones have the highest likelihood to succeed then you can determine if you want to jump into those pools I always talk about the most important decision you make is the first deal you do or the first business you start because if the first one fails your likelihood of t...
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