Industries & Professions /
Internet Store Managers and Entrepreneurs
Online commerce is a very new and exciting field with tremendous potential, and it is likely that growth will continue over the long term. However, it is important to keep in mind that the failure rate for new businesses, even traditional ones, is fairly high. The U.S. Small Business Administration Office of Advocacy reports that about seven out of 10 new businesses survive for the first two years, and only about half make it to the five-year mark. The long-term survivors will be businesses that are able to find niche markets, anticipate trends, adapt to market and technology changes, and plan for a large enough financial margin to turn a profit. Analysts also anticipate that the amount of business-to-business e-commerce will surpass business-to-consumer sales.