What are the Odds a Startup will Fail? – Infographic

Will your startup flourish or perish? Staff.com breaks down the odds of success and failure by industry

It may seem counter-intuitive, but the number of startups skyrocketed when the economy took a turn of the worse. Now that the number of startups and small businesses is starting to dwindle, you may be hesitant to start your own business, and understandably so – less than half of all startups ever make it past 5 years. However, if you’re tenacious, creative, and have (or can learn) sensible business acumen, you can start a business in an industry projected to explode in the coming years. Staff.com did the leg-work and found the best (and worst) industries for new businesses to enter.

Did you know?

  • The mobile gaming industry is projected to grow 173% in 5 years. That’s a lot of angry birds.
  • IT Consulting is predicted to be the most profitable up-and-coming industry by 2017, estimated to pull in a whopping $379 billion
  • Small businesses and startups are vital to a healthy economy – they accounted for two-thirds of all net jobs added between 1992 and 2007, according to the BLS

startup

Source: Staff.com

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Jennifer Beardsley

Content Development & Research Intern at CWHighlights
Jennifer Beardsley, a business technology maven, delves into the world of business technology and writes about what she finds for many small business and tech websites.

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