Opinions expressed by Entrepreneur contributors are their own.
Across the world, there is an alarming long-term trend: Companies are struggling to survive. An analysis by Statista shows that companies have been losing their lasting power since 1965. Companies on Standard & Poor’s 500 Index were analyzed during 2020, and it was found that the average lifespan of a company was 21 years, a stark contrast to 55 years ago when it was an average of 32 years. The statistics platform then concluded that this number is likely to continue falling throughout the 2020s.
An EY report in 2023 shows that, in fact, the average lifespan of an American S&P
→ Continue reading at Entrepreneur