In 2015, ca. 300 000 entrepreneurs folded. Mostly simply because they did not make it.
Big companies fall with a bang and attract much interest. Bankruptcy procedures for trade law companies are closely monitored, described and treated as measures of prosperity. However, there are only a couple hundred of such bankruptcies per year – very little compared to the number of small entrepreneurs who have to close their business, without attracting any interest.
As shown by an analysis prepared by “Rzeczpospolita”, there were 300 000 such companies in 2015. – This is a high figure, but at the same time completely natural. Hundreds of thousands of new companies enter the market every year, and hundreds of thousands leave it. It is simply the business life-cycle – emphasizes Łukasz Kozłowski.
– When looking at the causes of companies closing down, one has to take the economic climate into consideration – says Kozłowski. – The better it is, the more companies which were opened to address the lack of contracts of employment are closing down. During an economic upturn, forced self-employment is also restricted. Research conducted by the Polish Institute for Enterprise Development shows that half the entrepreneurs who had to fold will return to business – he adds.