6 steps to creating a super startup

Published: July 10, 2007, 1:55 pm

6 steps to creating a super startup (Fortune Small Business) — If you want to be an entrepreneur, you’re in good company. An average of 464,000 adults a month create new businesses, according to the most recent statistics available from the Kauffman Foundation (kauffman.org), which tracks and promotes entrepreneurship. But starting a business is a complicated, risky, all-consuming effort. Indeed, just two-thirds of new small businesses survive at least two years, and only 44 percent survive at least four years, according to a study by the U.S. Small Business Association. Taking the six steps below will help put you on the road to success. 1. Determine if you’re an entrepreneur or just a wannabe. Starting a successful business requires a unique set of characteristics. You have to be willing to take calculated risks. In addition, a mix of optimism, high energy, and an ability to live with ambiguity are also crucial. According to a recent study of 1,600 Columbia

[ Full article ]

Blog link

Comments