All Other Miscellaneous Textile Product Mills — Business Survival Rate

An estimated 63% of all other miscellaneous textile product mills businesses survive their first 5 years, based on U.S. Census Bureau Business Dynamics Statistics. The annual business closure rate is 8.8%.

63%
5-Year Survival Rate
-1.6%
Net Growth Rate
3,398
Total Firms
270
Annual Firm Deaths

Is All Other Miscellaneous Textile Product Mills a Good Business to Start?

With a 63% five-year survival rate, all other miscellaneous textile product mills has an above-average survival rate compared to the national average of roughly 50%. This makes it a relatively safe industry to enter — businesses here tend to find stable demand and sustainable economics.

The annual exit rate of 8.8% is lower than many sectors, suggesting that once established, these businesses have staying power. That said, lower failure rates often correlate with higher barriers to entry or established competition.

Entry vs. Exit Rates

Annual rate of new businesses opening versus existing businesses closing.

Entry Rate (new businesses)7.6%
Exit Rate (closures)8.8%

Net negative: more businesses closing than opening (-1.2 pp spread).

Job Creation & Destruction

9.0%
Job Creation Rate
10.6%
Job Destruction Rate
-1.6%
Net Job Growth

The industry is losing jobs faster than creating them — which may indicate automation, consolidation, or declining demand. Total employment: 57,190 workers across 3,398 firms.

Want to know how much all other miscellaneous textile product mills businesses actually make?

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Frequently Asked Questions

What percentage of all other miscellaneous textile product mills businesses fail?
Approximately 37% of all other miscellaneous textile product mills businesses fail within their first 5 years. The annual closure rate is 8.8%, with 270 firms closing permanently in 2023.
Is the all other miscellaneous textile product mills industry growing or shrinking?
The all other miscellaneous textile product mills industry is currently stable with a net job creation rate of -1.6% per year. New businesses are entering at 7.6% while 8.8% close annually.

Source: U.S. Census Bureau, Business Dynamics Statistics (2023). Survival rate estimated from annual exit rates.