The specific number changes depending on the industry. Some, like healthcare and social assistance, have a much higher-than-average survival rate. Others, like construction and transportation, have rates that are lower.

Why Businesses Fail
There are, of course, a myriad of reasons why a business might fail. According to research, though, there are a few that are more common than others:

No need: A great service or product will get you nowhere if there’s zero need for it. Due diligence and market research are essential in the early stages. No money: Launching and building a business is expensive. You need capital, investments, loans, and/or revenue to get you through the lean times. The wrong people: The most successful business owners and entrepreneurs know to surround themselves with people smarter than them. You need a strong team. Too much competition: If the market is already saturated, and there are already plenty of established providers, you’re fighting an uphill battle. Pricing: If your prices are too high and you limit your customer base. If they’re too low and you’re not pulling in enough revenue to stay afloat. It’s a very, very fine line.
But that’s not all. there are plenty of other reasons, like bad location, poor business plan, ineffective marketing, expanding too fast, and so on.