Basic Training
Got what it takes to get through entrepreneurial "boot camp"? We'll give you some tips for toughing out your first year in business.
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QUESTION: What's themost critical factor in surviving my first year owning a homebasedbusiness?
ANSWER: By far, the firstyear is the year when most home business owners decide to call itquits. A number of academics have pointed to the lack of adequatefinancing as the most frequent cause of businesses going under, butwe believe even money problems are avoidable if you have a soundentry plan. Adequately research the business you've chosenbefore you begin so you can anticipate most of the problemsyou'll face.
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