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Self-Employment: Improving Policy & Practice, Nancy Arnold Ph.D., University Of Montana Rural Institute

Employment

Contrary to popular belief, small businesses have a good success rate. Researchers who had originally analyzed the data and found high rates of business failures re-analyzed the same data and found that 80% of small businesses are still operating after eight years. Researchers discovered that the original research counted businesses that were sold, incorporated, or where the owner had retired as failures.