According to the U.S. Bureau of Labor Statistics (BLS), the failure rates for new businesses in the United States are as follows:
· First two years: About 20% of new businesses fail.
· First five years: About 45% of new businesses fail.
· First ten years: About 65% of new businesses fail.
· Fifteen years: or more: Only about 25% of new businesses survive.
Meanwhile, The Economist reports that only 8% of companies manage to scale. The secret to their success lies in the leadership. Businesses flourish when their leaders adopt a mindset of lifelong learning and do not allow preconceived notions to disrupt business dynamics. These leaders develop the right habits to keep their businesses agile in fluctuating environments. Since an enterprise reflects its leaders, other stakeholders also adopt these positive habits, which is a key differentiator for successful companies.
Anthony Franco is a serial entrepreneur known for launching, scaling, and selling businesses, and he is now on a mission to help other founders achieve similar success. As the host of his podcast, "How To Founder," he and his co-host provide twice-weekly deep dives and practical advice on the challenges faced by founders. With seven companies launched and six successful exits—including two to public companies—Anthony offers seasoned insights across various sectors, including Tech, AI, Consumer Goods, Services, and Manufacturing. Join us as we explore the real tactics that transform big ideas into lasting success.
For more information: https://www.howtofounder.com/
LinkedIn: @AnthonyFranco
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