Although a new business starts every two minutes, another firm closes its doors every eighty seconds—the highest rate of firm death in the past 50 years. In 1980, nearly half of American firms were five years old or younger. By 2015, that number had fallen to one-third. According to the nonpartisan Economic Innovation Group, fewer Americans are starting successful firms than at any point in the last century.
By: Elizabeth MacBride, Forbes
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