👀 Only 35% of New Businesses Survive Past the 10-Year Mark

Key Takeaways

• If 100 new U.S. businesses are born in a year, 20% will close within the first year.
• By the ten-year mark, only about one-third (35%) will be left standing. 

The Post-Pandemic Entrepreneur

Americans are in their entrepreneurship era, ever since the pandemic forced them to take stock of their life and gave them opportunities through digital markets.

New business applications are still above pre-pandemic averages. 

Starting a business has never been easier.

Keeping it going? Still tough.

LendingTree analyzed Bureau of Labor Statistics data dating back to 2014 to see how new businesses fare and the results aren’t encouraging.