Statistics are more available now to see the progress and success of new corporations and businesses. Unfortunately, they paint a picture of how steep the competition is within individual markets and how difficult it is to start a business or put together a corporation and keep it running. For instance:
- Only 44% of businesses survive their first five years.
- The average life cycle of new corporations is roughly 12 to 15 years.
Even CEOs last less than in the past, with an average stay of 5.5 years compared to over ten years in the 1990s. The fierce competition and demands in a digital and global age often make for volatility and turnover in companies.
With these numbers, it makes sense then to have a gift giving or celebration for employee milestones within companies. With most busi