This next episode provides some key information from the Bureau of Labor Statistics. The survival rate for business is 80% after the 1st year, 70% after the 2nd year, 50% after the 5th year, and 30% after the 10th year. As attorneys we often want to start our own law firms or businesses in other industries. To help you increase the survival rate for your business I provide a key tip: write a business plan. This helps you stay focused on your mission, growth, finances, and other important areas.