Business failure rate across the U.S.
| Time frame | Percentage of businesses that fail |
|---|---|
| Within 1 year | 23.2% |
| After 2 years | 32.8% |
| After 3 years | 36.2% |
| After 4 years | 43.2% |
| After 5 years | 48.0% |
| After 6 years | 52.9% |
| After 7 years | 56.6% |
| After 8 years | 59.6% |
| After 9 years | 62.2% |
| After 10 years | 65.3% |
Source: LendingTree analysis of U.S. Bureau of Labor Statistics (BLS) data.
We also looked at the five- and 10-year business failure rates, which compared March 2023 and March 2018 and March 2023 and March 2013, respectively.
At those points, 48.0% and 65.3% of businesses fail, respectively. (Though the one-year failure rate increased compared to last year’s data, the five-year failure rate dropped slightly from 48.4% to 48.0%
Obviously, organizations have to be strengthened throughout their life cycle to achieve and maintain Strategic alignment. Companies must adopt a sustainable framework to manage alignment. The Structure of ISO Management Systems with Internal and External Auditors is ideal for tracking and trending alignment behavior. The mechanics of Corrective Actions is built into the system to support strategic alignment, when it veers off-course.