Bankruptcy, bankruptcy, insolvency, liquidation, lack of profitability, closure

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This is definitely one of those terms that no entrepreneur would ever want to use in reference to their business.

Many of them probably get goose bumps hearing these words.

And no wonder, after all, they reflect the worst that can happen to any company.

Unfortunately, the reality is that most companies will suffer this fate italy telegram data sooner or later.

Don't think I'm trying to scare you now, I wish your company all the best. However, I'm referring to market data, which, as it turns out, from the perspective of the average entrepreneur, is not very optimistic.

In June this year, the Rzeczpospolita daily published the results of its analysis based on data from CEiDG on the number of businesses that were established or liquidated, as well as those that resumed or suspended their operations.

Based on the data, a summary was created that clearly illustrates the scale of the problem.

As you can see in the charts below, last year as many as 195.7 thousand companies closed , and 367.8 thousand suspended their operations. That's more than a year, two, or even three years earlier.