A. J. and April Couch just opened a computer store in a small community. Before opening the store, they listened to their SBA counselor's warnings about the importance of having balanced experience, that is, marketing, finance, and personnel experience in the computer-store business because1. small businesses survive large businesses by three years. 2. the computer-store business is a fad. 3. their business is unlikely to grow and earn large business profits. 4. management know-how is insignificant to small-business success. 5. about two out of three small firms close within five years of their founding.

Question

Natalie Dixon

Business

1 April, 02:31

A. J. and April Couch just opened a computer store in a small community. Before opening the store, they listened to their SBA counselor's warnings about the importance of having balanced experience, that is, marketing, finance, and personnel experience in the computer-store business because1. small businesses survive large businesses by three years. 2. the computer-store business is a fad. 3. their business is unlikely to grow and earn large business profits. 4. management know-how is insignificant to small-business success. 5. about two out of three small firms close within five years of their founding.

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Alexandria Cowan · Answer 1

5) about two out of three small firms close within five years of their founding.

Explanation:

A prefer to use statistics in a positive way an disclose not the failure rates of small businesses (which are really high), but instead focus on the success rate.

from the total original amount (100%)

80% of small businesses survive their first year of operations 70% of small businesses survive their second year of operations between 40-50% of small businesses survive their fifth year of operations only 30% survive their tenth year