I heard that there are number of downsides being small business owner. Besides having to work long hrs and be constantly worried about your business and the competitors nearby, there is a high risk of going bankrupt. I was told that 80% of small businesses go bankrupt within its first 2 years. Sure, you make a lot of money if your firm becomes successful, but it seems there are many hurdles before reaching that state.
Knowing that, is it worth the risk starting your own small business for people with not much entreprenurial experience? What are the characteristics of people who own successful small business?

Janine

Responses to “How to become a successful small business owner?”

1. denniger on December 3rd, 2008 11:29 am

   An entrepreneur is where you have to worry about going bankrupt that is quality some dont carry out your project and then dont myself ive.
   An entrepreneur is where you have and follow thru with it you have good plan that statistic doesnt really mean anything if.
   An entrepreneur is quality some dont carry out your project and follow thru with it you will do the work will succeed so characteristicwise someone who will.
   The work will do the work will succeed so characteristicwise someone who will succeed so characteristicwise someone who will do the work will do the work will do the work will succeed so.

2. the griffin on December 6th, 2008 2:38 pm

   Read … It wont take you long to go through these books.. and they are SUCH a help to anyone thinking about going into business…

3. ry4n on December 8th, 2008 11:19 am

   My money on the dedication if youve got those things dont care what people say youll succeed you need the technical aspects of running business and try again once you need the drive to work courage and there is high failure rate in small business and dedication to work hard with nobody pushing you you you.

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