Syllogistic Software 7-year anniversary
It seems like only yesterday that I quit my job in Atlanta, Georgia and moved back to Canada to start my custom software development company, Syllogistic Software Inc. As it turns out, that was actually about seven years ago! In 2008, at the 5-year mark, I did some research about how long typical startups last. I found the following heavily referenced article , claiming 55%, 60%, and 63% failure/closure rates in years 5, 6 and 7, respectively. These numbers aren't exact, but give a pretty good idea of how long typical businesses last. Running your own business is not easy. It requires good planning, great execution, awesome support from your friends and family, and just a little bit of luck . I was fortunate to have all of the above, but that still doesn't mean that it was smooth sailing the whole way. There were lots of bumps, and a few times I was ready to toss in the towel and close up shop. I've put together a brief timeline of some of the major ...