closed-business

Business Closure Statistics

The following is for firms that were operating in 2013 and either ceased or still operating in 2014
Business Closing Statistics Number Percent
Number of firms surveyed in 2014 14,405,210 100 %
Business is still operating 11,948,286 82.9 %
Ceased because owner retired 329,409 2.3 %
Ceased because owner died 40,775 0.3 %
Ceased because operation was for a one-time specific event 181,005 1.3 %
Ceased due to inadequate cash flow or sales 755,303 5.2 %
Ceased due to lack of business loans / credit 189,365 1.3 %
Ceased due to lack of personal loans / credit 96,358 0.7 %
Ceased because owner started another business 94,794 0.7 %
Ceased because owner sold the business 129,657 0.9 %
Ceased for another reason 1,052,922 7.3 %
Female Owned Business Closures Number Percent
Number of female owned firms surveyed in 2014 3,667,721 100 %
Business is still operating 2,869,801 78.2 %
Ceased because owner retired 85,221 2.3 %
Ceased because owner died 8,279 0.2 %
Ceased because operation was for a one-time specific event 67,657 1.8 %
Ceased due to inadequate cash flow or sales 223,304 6.1 %
Ceased due to lack of business loans / credit 42,120 1.1 %
Ceased due to lack of personal loans / credit 21,447 0.6 %
Ceased because owner started another business 23,321 0.6 %
Ceased because owner sold the business 22,572 0.6 %
Ceased for another reason 403,401 11 %
Male Owned Business Closures Number Percent
Number of male owned firms surveyed in 2014 7,338,809 100 %
Business is still operating 6,121,511 83.4 %
Ceased because owner retired 178,974 2.4 %
Ceased because owner died 21,008 0.3 %
Ceased because operation was for a one-time specific event 94,956 1.3 %
Ceased due to inadequate cash flow or sales 368,601 5 %
Ceased due to lack of business loans / credit 109,670 1.5 %
Ceased due to lack of personal loans / credit 53,822 0.7 %
Ceased because owner started another business 51,439 0.7 %
Ceased because owner sold the business 62,138 0.8 %
Ceased for another reason 495,624 6.8 %
A firm is a business organization or entity consisting of one domestic establishment (location) or more under common ownership or control. All establishments are included as part of the owning or controlling firm. For the economic census, the terms "firm" and "company" are synonymous.

Businesses close for a number of reasons, typically because of financial problems. What causes those financial problems though? Here is a brief study conducted to try and gain insight on why a business fails.

Statistic Verification
Source: US Census Bureau
Research Date: August 4th, 2015

Questions: what is the main reason business' closed ? how many business make it past year 1 what percent of businesses close down after one year ? how many business file bankruptcy after a year of operation what is the main reason businesses go out of business ?