THIS IS THE FAILURE INSTITUTE
What we do
We conduct rigorous academic research on business failure and the reasons behind it. Because it is difficult to find people willing to talk about failure in an open and honest way, there isn’t enough information on the topic to drive decisions related to economic development.
Why we do it
Globally, new businesses are more likely to fail than they are to succeed. An average of 75% of companies shut down during their first two years of life. In other words, most companies fail, but we’re not learning from these failures in a systematic way.
What we have done
We have investigated the 5 most common reasons why companies fail in Mexico, we then replicated this study in Colombia. We have also studied the factors of failure in tech startups and we’re developing a research on Social Enterprises.
If you’d like to carry out research on failure in your country, region or around a specific niche or industry please contact us.