According to the SBA, there were about 28 million small businesses in the country in 2010. However, only 50% of new businesses will survive for 5 years and a mere third are expected to remain in operation for more than 10 years. Consider these stats when starting a business and you may improve your chances of raising enough capital to set the wheels in motion.
Hiring a lawyer can be a significant expense. Thankfully, there are a lot of resources offering free and low-cost legal forms, information and advice for small business owners. Here, we explore a few of them.
The growth of your small business is intertwined with your growth as an
entrepreneur. While your product or service is undoubtedly
important—indeed, essential—to future success, there are a lot of
companies out there with “great ideas” that never took off. Take a look
at yourself and your business to see if you possess, or can cultivate,
the three indicators of future success.