Start a Business with Your Business Backstory
The chance that a new business will fail is 55%* in the 1st 5 years. Reasons include lack of planning, inadequate pricing knowledge, and managerial inexperience. How can you avoid being in the 55%?
*Source: Entrepreneur Weekly, Small Business Development Center, Bradley Univ, University of Tennessee Research. http://www.statisticbrain.com/startup-failure-by-industry/
This 5-step exercise takes your business concept from ideal-to-real:
- 1st – Learn if you have what it takes to be a business owner
- 2nd – Develop the 4 areas essential to building a solid business framework