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Examining Why Most of New Businesses in Canada Fail
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What can you do to beat the Canadian statistics and grow a profitable business?
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"While new firms are important, the life of a new firm is a precarious one. Entrepreneurs take substantial risks when starting new ventures. While some realize significant returns, others, indeed the majority, exit the market after only a few years of operation. The large percentage of entrants that fail has focused attention on the factors that determine the success or failure of a new firm.
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John Baldwin, Lin Bian, Richard Dupuy, Guy Gellatly, "Failure Rates for New Canadian Firms: New Perspectives on Entry and Exit"
01-02-00, Statistic Canada & Minister of Industry
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