5 Small Businesses That Have High Failure Rates

In this article, we will take a look at the 10 small businesses that have high failure rates. If you want to skip our detailed analysis, you can go directly to 10 Small Businesses That Have High Failure Rates.

5. Electronics

Industry Value (2022): $202.99 Billion

Net Margin (2022): 3.82%

According to our methodology, the electronics industry has a high failure rate. Rapid technological developments coupled with high competition suggest that the electronics business must keep up with the dynamic environment. Failure to do so often results in business failure. Moreover, starting an electronics repair and maintenance business may take years to build trust among consumers. The rise of online electronics stores provides an opportunity for business owners, however, market saturation must be kept in mind.