From our own research findings and observations, over 85% of companies worldwide do not survive up to 10 years.
In the USA alone, over 700,000 companies shut down every year. Prior to the pandemic, 928,000 out of the 1.04 million newly established companies shut down in 2019. (U.S. Small Business Administration, 2021).
Evidently, the business shutdown rate is staggeringly high.
This is why Paul co-founded roiquant (rói - kwänt) to help founders reduce risk of business failure and build business defensibility.
In empowering founders to innovate, roiquant's proprietary cloud-based business decision support system is purposefully designed and powered by business failures data, company performance data, capital markets data, historical data, commercial strategies, risk factors, investors database, business tools, simulators, and more, to help founders build valuable and successful businesses.
If failure is referred as failing to see the projected return on investment, then the failure rate is 70% to 80%. However, if failure is defined as declaring a projection and then falling short of meeting it, then the failure rate is a whopping 90% to 95%.
Most business studies and entrepreneurial research seem to have a natural tendency to focus on success stories (Madsen & Desai, 2010), and less on failure stories which may result in a survivorship bias that can lead to over-stating or understating the predictability of events (Brown et. al., 1992).
Based on the data gathered by the Global Entrepreneurship Monitor (GEM), researcher Moya K. Mason (2012) estimated that nearly 100 million new businesses are created each year worldwide. However, about 30 to 50 million companies stand a chance to survive within 1 to 5 years of operation.
When you want to build a business with strong competitive edge, but don’t have the right knowledge and affordable tools, our affordable business intelligence solution is powered by proprietary quant systems to help you reduce costly mistakes, strategize prudently, innovate creatively, and fundraise strategically.
We understand you value insightful data, intelligent tools, smart capital, and time. Unlike our competitors, our one-stop-shop solution empowers you to make data-informed decisions to improve and innovate your business.
Empowering founders to innovate.
A failure is a man who blundered, but is not able to cash in on the experience. (Elbert G. Hubbard)