business in the City of San Luis Obispo has a high rate of
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
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.
Economist with the SBA Office of Advocacy, noted that the latest
statistics are a much more accurate assessment of new business
avoiding business failure
to keep your company afloat.
There is room for your business to
grow in SLO. Check out the