BizSugar.com › Startups › 5 Ways Startups Make It to Year Two

Only 75 percent of new businesses survive past the one-year mark. That means that 1 out of every 4 businesses will close their doors before the end of year one. And while you would think that making it past year one gets you to the summit, the reality is that each subsequent year becomes harder to survive with only 69% making past year two and only 50 percent of businesses making it to the five-year mark. So what’s the difference between the startups that make it and the ones that don’t?
In a recent article from Intuit, I outline five keys that successful businesses can use to help conquer year one. Each of the keys is a step in building a solid foundation to help support your startup through the first year and for years beyond. These include: