Research on cessation of small-scale Businesses in Hyderabad
Everyone agrees that small businesses are the driving force behind the global economy. It is praised for significantly increasing each nation's GDP, employment, innovative capacity, and tax base. However, in the first ten years of operation, small businesses do not have a high survival rate. About 20% of newly established businesses fail within the first ten years. Some of them are referred to as gazelles due to their rapid growth into medium and large businesses, while others prefer to remain small.