According to the SBA, almost half of new businesses are no longer around after 5 years. A figure that’s a little more optimistic than what most business articles would have you believe – especially in today’s economy. But even if that’s the case, this figure could still be higher if only small entrepreneurs have guidance on what it takes to have a business succeed.
Online businesses are indeed simple to put up. Notice I used the word “simple” and not “easy”. There are some fundamentals to follow that will ensure you’ll have a shot at success. What differs is how well you follow these guidelines and the way you execute them. For starters, many online businesses are funded out of their owner’s credit cards. Although not a bad practice in itself, there can be some pitfalls for doing business this way. Read on as we give you tips of how to stay out of the red.
Ashyia Hill blogs at CreditDonkey, a site that provides small business owners with credit card research for entrepreneurs.
I'm Louida from Atlanta, Georgia and I'm a mother of two daughters, blogger, and full time working mom at a Business Consulting Firm.
I love helping others learn how to start working from home on the internet free to supplement their current income.
I also blog at Productreviewmom.com
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