Kauffman Firm Survey (KFS) follows nearly 5,000 businesses founded in 2004 and tracks them over their early years of operation. Here are some interesting results:
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More than a third of businesses (37 percent) had no revenue in their first year of operation while about 17 percent of businesses had profits in excess of $100,000.
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Just under 9 percent of firms closed in one year and the survival rates vary by owner demographics.
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Nearly 60 percent of the businesses had no employees in their first year while very few businesses (less than 4 percent) had more than 10 employees.
Are you self-employed, or want to be? Here we share tips, techniques, rants and raves about self employment.
