Business Failure
Business enterprises in the United States, and indeed around the world, tend to fail at a predictable rate that is influenced by national or international business cycles and other factors. In the 1980s and 1990s, U.S. failure rates hovered between 0.7 and 1.2 percent of all businesses each year, according to annual statistics compiled by Dun & Bradstreet Corporation. In 1997 the failure count stood at 83,384 businesses. New business start-ups typically outnumber failures by a 2:1 ratio, and more during periods of rapid expansion.
CONDITIONS LEADING TO FAILURE
While...
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