NEW YORK ( TheStreet) -- There are many reasons why startups never get to reap the riches of a Google (GOOG - Get Report), Amazon (AMZN - Get Report), Chipotle (CMG - Get Report) or Starbucks (SBUX - Get Report).An estimated 627,200 companies big enough to hire began operations in 2008, and 595,600 closed the same year, according to data collected by the Small Business Administration. This amounts to an annual turnover of about 10%. Companies without employees have turnover rates three times as high, mostly because they're easier to start and shut down.
5 (Other) Reasons Small Businesses Fail
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.