Worldwide, there are about 300 million persons trying to start some 150 million businesses annually.

About 33% of these are launched, bringing 50 million new firm births each year; or about 137,000 per day.  Very nearly the same number of active firms, approximately 120,000, fold up each day across the world.

• In the UK, for example, only 68% of registered businesses survive beyond three years; 53% beyond five years, and only 32% survive beyond ten years.​​

• In Canada, about 145,000 businesses start up each year, and about 137,000 declare bankruptcy over the same period.

• In Kenya, 60% of businesses fail within their first two years of operation.

• 53% of small and medium-sized enterprises (SME) fail within the first three years in New Zealand.

• In Brazil, out of the 1.6 million new businesses that open every two years, 652,186 (41%) close down within three years, with 51% closing before they are two years old.

Why this undesirable trend?  When you think of the amount of money lost, the number of livelihoods affected and hopes destroyed, we certainly should be doing something to stem this.

This is the stuff we hope to engage about here.

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