According to statistics published in 2019 by the Small Business Administration (SBA), about twenty percent of business startups fail in the first year. About half succumb to business failure within five years. By year 10, only about 33% survive.

Let this sink in for a moment before we break out into a celebratory dance.

It seems like ⅓ of all businesses eventually succeed. Remember what I said about entrepreneurship. It’s hard.