What are the chances of success for your startup business? Did you know that in 2005 just 47% of startups were still in business after five years? Did you know the startup businesses that are more likely to fail are independent restaurants, retail stores, direct sales businesses, and consulting a business services companies?
The news isn’t all bad for startups though. When looking at projected revenue growth between 2012 and 2017, a few startup industries are expected to thrive. The top two are mobile game startups with a 173% projected revenue growth and internet publishing with a 110% projected revenue growth. Other startups that are expected to see revenue growth of over 50% through 2017 include residential construction (63%), transport and logistics (54%), and ecommerce (52%).
You can see all of these statistics and more in the “What’s the Chance a Startup Business Will Fail?” infographic from Staff.com below.