Australian Business Statistics, Some Interesting, Some Sobering…

Currently there are 2,011,770 businesses in Australia.

Of those, 1,930,000 employ fewer than 20 people.

Businesses in Australia that have no staff number 1,200,000.

Of the businesses that started in 2003, 58 percent are still operating.
To look at that another way, 42 percent failed.

Of the ones that failed:
•    36 percent folded in the first year
•    27 percent the second year
•    20 percent in the third year
•    17 percent closed in year 4

The businesses with no employees had the highest failure rate.