5 Small Businesses That Have High Failure Rates

1. Office Equipment

Industry Value (2022): $38.87 Billion

Net Margin (2022): 2.93%

According to our methodology, small businesses in the office equipment industry have high failure rates. Selling outdated niche office equipment, sticking to a brick-and-mortar office equipment store, and providing no value-added services such as assembly and repair, often contribute to the failure of an office equipment business. The rising competition in the industry and increasing trend toward online outlets limits the chances of success. Instead business owners may focus on selling niche and high quality items through e-commerce platforms.

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