Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) — Business Survival Rate

An estimated 56% of lessors of nonfinancial intangible assets (except copyrighted works) businesses survive their first 5 years, based on U.S. Census Bureau Business Dynamics Statistics. The annual business closure rate is 10.8%.

56%

5-Year Survival Rate

+9.5%

Net Growth Rate

2,045

Total Firms

202

Annual Firm Deaths

Is Lessors of Nonfinancial Intangible Assets a Good Business to Start?

With a 56% five-year survival rate, lessors of nonfinancial intangible assets (except copyrighted works) is near the national average (~50%). This means roughly half of new entrants will still be operating after 5 years — typical business risk that rewards solid planning and execution.

The annual exit rate of 10.8% indicates moderate turnover. Success depends on differentiation, location, and operational efficiency rather than inherent industry advantages.

Entry vs. Exit Rates

Annual rate of new businesses opening versus existing businesses closing.

Entry Rate (new businesses)19.5%

Exit Rate (closures)10.8%

Net positive: more businesses opening than closing (+8.6 pp spread).

Job Creation & Destruction

19.8%

Job Creation Rate

10.3%

Job Destruction Rate

+9.5%

Net Job Growth

The industry is adding jobs faster than losing them — a positive sign for both workers and new business owners looking to hire. Total employment: 43,121 workers across 2,045 firms.

Want to know how much lessors of nonfinancial intangible assets (except copyrighted works) businesses actually make?

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Frequently Asked Questions

What percentage of lessors of nonfinancial intangible assets (except copyrighted works) businesses fail?: Approximately 44% of lessors of nonfinancial intangible assets (except copyrighted works) businesses fail within their first 5 years. The annual closure rate is 10.8%, with 202 firms closing permanently in 2023.
Is the lessors of nonfinancial intangible assets (except copyrighted works) industry growing or shrinking?: The lessors of nonfinancial intangible assets (except copyrighted works) industry is currently growing with a net job creation rate of +9.5% per year. New businesses are entering at 19.5% while 10.8% close annually.

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