Small Business Failure Rates: An Optimist’s View


This post is also featured at Intuit’s Small Business Center!

http://quickbooks.intuit.com/r/psychology-of-success/small-business-failure-rates-an-optimists-view

The internet is full of depressing statistics about the failure rates of small businesses. But I’d like to offer an alternative view, one based on my real-life experience in the real world, which is considerably more hopeful than those stats would lead you to believe.

As a bookkeeper, I’ve had the privilege of working with a diverse array of entrepreneurs and their various projects. I’ve seen a few of them fail, but by and large, the vast majority of them have been successful. So I’m always puzzled when I see headlines like “5 Reasons 8 Out of 10 Businesses Fail,” and I wonder about their sources and the way their statistics were gathered.

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