I have seen people start their own businesses and lose almost everything. I have seen people start their own businesses and be wildly successful. There are key factors that have determined whether a business flourishes or fails:
1. There is a measurable need for the business.
2. A marketing in plan is not just in place, but also vigilantly adhered to.
3. The business owner works at least 50-80 hours per week when first starting out.
4. Failure is not an option.
5. Confidence and determination.
6. AT LEAST six months of prior salary saved (a year would be better) as the business starts.
Have you ever started your own business? What are your tips?
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