According to the World Bank, Australia is the BEST country in the world to launch a new business. So how bad must it be in other places because our failure rate is 76% within the first 5 years from startup. And a whopping 92% failure rate within 10 years of the startup.
If the failure rate of Aircraft dropping out of the sky was this high, we would not travel by air. So why is business failure rate so high and why are we not doing anything about it?