According to a survey conducted in March 2023, most of the small business in the Philippines and India had a business tenure of one to five years. It was found that over 20 percent of the surveyed small companies had already been in business for six to ten years, except for small business in the Philippines, where only 15 percent recorded to have been existing for such a timeframe.
Business tenure of small businesses in Asia as of March 2023, by selected country and length
Characteristic
Less than 1 year
1 to 5 years
6 to 10 years
More than 10 years
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GoDaddy. (May 28, 2023). Business tenure of small businesses in Asia as of March 2023, by selected country and length [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1411235/asia-business-tenure-of-small-businesses-by-country-and-length/
GoDaddy. "Business tenure of small businesses in Asia as of March 2023, by selected country and length." Chart. May 28, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1411235/asia-business-tenure-of-small-businesses-by-country-and-length/
GoDaddy. (2023). Business tenure of small businesses in Asia as of March 2023, by selected country and length. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1411235/asia-business-tenure-of-small-businesses-by-country-and-length/
GoDaddy. "Business Tenure of Small Businesses in Asia as of March 2023, by Selected Country and Length." Statista, Statista Inc., 28 May 2023, https://www.statista.com/statistics/1411235/asia-business-tenure-of-small-businesses-by-country-and-length/
GoDaddy, Business tenure of small businesses in Asia as of March 2023, by selected country and length Statista, https://www.statista.com/statistics/1411235/asia-business-tenure-of-small-businesses-by-country-and-length/ (last visited July 22, 2024)
Business tenure of small businesses in Asia as of March 2023, by selected country and length [Graph], GoDaddy, May 28, 2023. [Online]. Available: https://www.statista.com/statistics/1411235/asia-business-tenure-of-small-businesses-by-country-and-length/