2017 Annual Report 

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. 

*For a closer look at the graphs, clic on the diagonal double-headed arrow (⤢) at the bottom of each country’s chart.

 

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%)

    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

      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%).

      Comparative insights

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