How likely was a small business to fail each year from 1990-1997 in
the USA?
I have made some progress toward answering this question when: Small
business = liabilities under $100,000. In that case, "Economic Report
to the President, 2001" provides a lot of useful information,
especially in Table B-96 (pg. 385)
http://w3.access.gpo.gov/usbudget/fy2002/pdf/2001_erp.pdf
For the years 1990 -- 1997, that table tells me (1) #(new businesses
formed --large and small), (2) #(small business failures), and (3)
#(large business failures). A good answer will provide me with enough
information to figure out #(small businesses failed)/#(small
businesses formed) for the years 1990-1997.
I am willing to accept an answer relative to some other definition of
"small business", but there needs to be a clear definition and
reference to some citable source of data. I will also accept an
answer that applies to any period of at least five years during the
1990s/2000s (not just 1990-1997). Thank you. |