Home – New Forums Starting your journey Buying a cafe? Would you like free advice? (Offer now closed) Reply To: Buying a cafe? Would you like free advice? (Offer now closed)

#1003453
The Cafe Ninja
Member
  • Total posts: 124
Up
0
::
beancounter, post: 20621 wrote:
Dunn & Bradstreet suggest that some 85% of those businesses that do fail will do so in the first 5 years, and the Australian Government’s Productivity Commission cites ABS data showing 53% of business failures occur within the first 3 years – and 90% within the first 10 years!

Some businesses, such as Restaurants, experience the 80-20 effect in the shorter time of just 2 years!

Hi Beancounter – OK, so when you said “Most businesses go under within 5 years” what you mean’t was “if a business fails it is most likely to fail within the first 5 years” – I can live with that, but your comment implied that the majority of businesses (in totality) fail within the first 5 years! Looking at your stats I can see that you probably meant something altogether different to that.