{"id":1505506,"date":"2024-12-02T11:55:00","date_gmt":"2024-12-02T16:55:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1505506"},"modified":"2024-12-02T11:55:00","modified_gmt":"2024-12-02T16:55:00","slug":"visualizing-the-survival-rate-of-us-businesses-over-the-last-decade","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/visualizing-the-survival-rate-of-us-businesses-over-the-last-decade\/1505506\/","title":{"rendered":"Visualizing The Survival Rate Of US Businesses Over The Last Decade"},"content":{"rendered":"

Visualizing The Survival Rate Of US Businesses Over The Last Decade<\/span><\/p>\n

\n

During the pandemic a record number of Americans turned entrepreneurs – sending\u00a0new business applications<\/a>\u00a0to soaring heights.<\/strong><\/p>\n

But everyone knows running a business is difficult, and now there\u2019s some new data to validate the sentiment.<\/p>\n

This chart, via Visual Capitalist’s Pallavi Rao, <\/strong><\/a>tracks the survival rate of all private American companies born in 2013,<\/strong> categorized by industry.<\/p>\n

<\/a><\/p>\n

Figures for this chart are rounded and sourced from the Bureau of Labor Statistics (BLS<\/a>), published 2024.<\/em><\/p>\n

How Hard is it to Run a Business in America?<\/h2>\n

Unsurprisingly survival rates for new businesses depend on the industry they\u2019re operating in.<\/p>\n

From the data,\u00a0Agriculture and Forestry<\/strong>\u00a0businesses born in 2013 were the most resilient over the last decade. More than half were still in operation by 2023.<\/p>\n

<\/a><\/p>\n

Note: Only select years shown and industry labels lightly modified, both for readability.<\/em><\/p>\n

In stark contrast, only one-fourth of\u00a0Mining, Oil & Gas<\/strong>\u00a0firms survived in the same time period.<\/p>\n

Interestingly both industries are some of the largest\u00a0subsidy receivers<\/a>\u00a0from the government. Estimates put\u00a0federal agricultural support<\/strong>\u00a0at $30 billion annually\u2014heavily subsidizing\u00a0five major crops<\/a>: corn, soybeans, wheat, cotton, and rice.<\/p>\n

Meanwhile, the American\u00a0energy sector<\/strong>\u00a0receives about $20 billion a year, 80% of which goes to oil and gas.<\/p>\n

It is possible that differences in ownership structure and business size are contributing to wildly different survival rates. For example, 97% of all U.S. farms are still\u00a0family-owned<\/a>\u00a0and 88% of them are \u201csmall farms\u201d which may need less capital investment than an oil & gas business.<\/p>\n

One trend that is industry-agnostic is that the\u00a0first year<\/strong>\u00a0proved the most brutal for all businesses formed in 2013, with a 20 percentage point decline in survivors. As time passed, the declines continued at a slower rate.<\/p>\n

Finally, the BLS found that for all private businesses incorporated in 2013, just over one-third (34.7%) were still functioning in 2023.<\/strong><\/p>\n

Businesses in farming and agriculture have some of the most positive public perception ratings in the U.S. Check out\u00a0America\u2019s Views on U.S. Industries<\/a>, by creator\u00a0Chartr<\/strong>.<\/em><\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nMon, 12\/02\/2024 – 06:55<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/visualizing-survival-rate-us-businesses-over-last-decade<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Visualizing The Survival Rate Of US Businesses Over The Last Decade During the pandemic a record number of Americans turned entrepreneurs – sending\u00a0new business applications\u00a0to…<\/p>\n","protected":false},"author":0,"featured_media":1505507,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1505506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-6jEm","jetpack_featured_media_url":"https:\/\/bugaluu.com\/news\/wp-content\/uploads\/sites\/3\/2024\/12\/American-Industries-by-Survivor-PEiVMb.jpeg","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1505506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1505506"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1505506\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1505507"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1505506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1505506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1505506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}