According to Caron Beesley, a fellow writer over at Business.Gov, Starting your own business
may be one of the biggest risks you will take in your life – and the statistics
confirm it. According to the Small Business Administration (SBA), two-thirds of
new businesses survive for a minimum of two years, with only 44 percent
surviving at least four years. Still interested in starting one? 🙂
Caron also says that being a successful business owner
requires at least four fundamental qualities:
– Aside from being one of the seven holy virtues, diligence in business
drives methodical work methods and an active rather than a passive
- Determination – A
determination to succeed, no matter what conflicting advice you receive or
doubts that you may have, must be there.
- Hard work
– This is the DNA of the successful business owner. You get from your
business what you put into it.
– As a business owner you must be able to shift with the market, learn
from your mistakes, and change your business plans accordingly.
Caron is right on the money. Here's the entire article over at Business.Gov
You know, Business.Gov is a totally revamped US Government website. Here is a post about what is new there. Bookmark it!
A gentle tip from The Franchise King®:
Do not buy a franchise until you know EXACTLY how to do thorough research.
Learn how here
One of the most important part of owning a small business is how market your products or services. There are always new ways to do so.
Sometimes as powerful as this.