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crowdspring Blog: How to Start a Business From Scratch: Build a Successful Business and Turn Your Ideas Into Money (eBook)

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How to Start a Business From Scratch: Build a Successful Business and Turn Your Ideas Into Money (eBook)

By Ross Kimbarovsky

Small businesses account for 99.9% of all businesses in the U.S., according to the U.S. Small Business Administration.

So, if you’re thinking about starting a new business, you’ll be in good company.

But, did you know that 30% of new businesses fail during their first two years?

Nearly half fail during the first five years and only a third survive 10 years.

Whether a new business succeeds or fails can boil down to luck.

But as General Douglas MacArthur famously said, “The best of all is the luck you make for yourself.”

It helps to have a competitive advantage when you start a business.

Most new businesses fail because they don’t properly assess the market, don’t prepare a strong business plan, don’t invest enough money in the business,…

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