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Success Naturally

 

City of San Luis Obispo
Economic Development

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Doing business in the City of San Luis Obispo has a high rate of success.

  • In 2009, there were 5,492 licensed businesses in the City.

  • 73% of these companies were in business five years ago. 

  • 51% were in business ten years ago.

The latest statistics from the Small Business Administration (SBA) show that "two-thirds of new employer establishments survive at least two years, and 44% survive at least four years." This is a far cry from the long-held belief that 50% of businesses fail in the first year and 95% fail within five years.

Brian Head, Economist with the SBA Office of Advocacy, noted that the latest statistics are a much more accurate assessment of new business success rates.

Read about tips on avoiding business failure to keep your company afloat.

There is room for your business to grow in SLO. Check out the Space Available listings.      

           

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