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Bureau of Labor Statisticsdatashows that about 20% of all new businesses will fail in their first year.
There are a lot of very good reasons not to do this.
Take your time on this step, double-check your figures and understand every detail.
Whenever possible, take a stab at get funding from as many sources as possible.
This can be a blessing or a curse, so proceed with caution.
You may not need full-time staff at first, but consider hiring anaccountant or financial advisoron a contract basis.
Theyll be able to guide you through some of the trickier aspects of running a small business.
Its a lot to keep track of, which is another reason professional help can make a big difference.
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