Key Small Business Startup Statistics

About 90% of startups fail.

10% of startups fail in the first year.

Failure is most common for startups during years two through to five, with 70% falling into this category.

(Source: Failory)

The number one reason why startups fail is due to misreading market demand – this is found in 42% of cases.

The second largest reason why startups fail (29% of cases) is due to running out of funding and personal money.

Other notable cases of failure are a weak founding team (23%) and being beat by competition (19%).

(Source: CBI Insights)

Are you learning from the mistakes of others? Do you appreciate the competition? Do you know where you stand? Do you know what your weaknesses are? Are you taking advantage of opportunities? Are you taking note of all Startup trends?

We can help you be at the top of your startup’s industry. Contact us at info@meraki-consult.com to find out about our Start Up Accelerator programme