How many new businesses are started each year in the US?

In 2021, an estimated 5.4 million new businesses were started in the United States, according to the U.S. Bureau of Labor Statistics. This number represents a significant increase compared to previous years, as there were only about 3.5 million new businesses started in 2020. The increase in new business formation in 2021 can be attributed to several factors, including the economic recovery from the COVID-19 pandemic, government stimulus programs, and a growing entrepreneurial spirit.

However, it's important to note that not all new businesses survive. In fact, according to the Bureau of Labor Statistics, nearly 20% of new businesses fail within the first year, and about 50% fail within the first five years. Therefore, starting a business requires careful planning, market research, and financial management in order to increase the chances of success.