There is a lot of evidence that most businesses fail within the first couple of years of operation. Here are a couple of sources:
Johannesburg – Small business failure rates are as high as 63% in the first two years of trading, ABSA said on Thursday at its Small Business Roundtable in Johannesburg. (News 24 – 11 Nov 2010)
According to the University of the Western Cape, South Africa has a higher start-up failure rate – 70-80% of small businesses fail in the first five years – than elsewhere in the world (News 24 – 5 March 2022)
South Africa has one of the highest failure rates for SMMEs, with five out of seven of these businesses failing within the first year, says specialist advisory service Cova Advisory (An article in Business Tech – 3 May 2021)
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