Experian conducted an analysis on small business start-ups between 2010 and 2014. Findings show that 16.1% of small businesses were formed in 2014. Learn more at: http://bit.ly/data-study-startups

1. Yes we’re
OPEN Top five states with the highest percentage of new business start-ups,
with California as one of the few states to see an increase since 2010
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10.3%
3.9%
6.9%
5.4%
14.6%
Failure rates of newly formed businesses
21% 50% 75%
After 1 year After 5 years After 15 years
Closed
What the future holds for new start-ups
the state of start-ups post recession
industries where start-ups are struggling
9.2%failed restaurants
Industries with the highest rates of failure during the year
The industries where new start-ups have the most trouble staying afloat
6.0%
6.8%
7.3%
8.1%
most popular areas for start-ups
#DataStudyFor more information on the study, visit bit.ly/data-study-startups.
10.6%
The restaurant industry was the top
choice for entrepreneurs in 2014
In 2014, there were 52.3% more restaurants opened
than businesses in the next highest industry
new restaurants
Industries with the highest rates of starting a new business
Most Popular Industries for New Start-ups
10.6%new restaurants
Source: U.S. Small Business Administration
Experian conducted a recent analysis on small business
start-ups.* Findings show that 16.1% of small businesses were
formed in 2014. Below is a snapshot of the top areas where
these new businesses started, as well as a look at which
industries were most popular for new entrepreneurs.
Conversely, the analysis also examined new business failures
and the likelihood of a business succeeding over time.
Spotlight on Small business
a look at new start-ups
Spotlight on Small business
a look at new start-ups
*Based on a sample population of a million small businesses between 2010–2014.
Business services
General contractors
Special trade contractors
Personal services
5.5%General contractors
6.3%Business services
6.6%Miscellaneous retail
6.9%Personal services