In 2017 we reached more than 1500 failed businesses thanks to our data partners, our investigations and certainly our Fuckup Nights community.
This interactive report has a detailed analysis on Argentina, Colombia, Germany and México, which are the countries that gathered the most cases. The individual reports are followed by a set of comparative insights on the four countries.
Part of the vision of Fuckup Knowledge is to contribute and participate in the construction of a wider definition of failure. This platform aims to be a practical tool for entrepreneurs, policy makers, academics and civil society – allowing them to make better informed decisions, based on the analysis of failed businesses.
Argentina
- 89% of entrepreneurs did not incubate or accelerate their businesses
- 61% of businesses did not have formal accounting records
- 39% of businesses had debts at closure
- After a business failure, most entrepreneurs focus primarily on:
- a) 25% creating a new business in another sector
- b) 25% recover emotionally and assimilating the lessons learned
Colombia
- 56% of businesses fail at the initial stage
- 41% of businesses did not have formal accounting records
- 41% of businesses had debts at closure
- After a business failure, entrepreneurs focus primarily on working for somebody else, keeping the desire to start a new business (26%)
Mexico
- 96% of entrepreneurs did not incubate or accelerate their businesses
- 57% of businesses did not have formal accounting records
- 20% of businesses had debts at closure
- After a business failure, most entrepreneurs focus primarily on working for somebody else, keeping the desire to start a new business (22%).
Germany
- 89% of entrepreneurs did not incubate or accelerate their businesses.
- 49% of businesses did not have formal accounting records
- 46% of businesses had debts at closure
- After a business failure, entrepreneurs focus primarily on emotional recovery:
- a) 20% studying to better entrepreneurial capabilities
- b) 20% taking time to assimilate the lessons learned.
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