Owning a business can bring tremendous opportunity and blessing to both a business owner and their community. It shouldn’t come as a surprise that as employment rates are falling due to the COVID-19 pandemic an increasing number of people feel the call to hang their shingle and start a business of their own.
Although entrepreneurship can bring vast blessing, it also comes with a unique set of challenges.
There must be demand for your product or service. You have to figure out financing, how to reach customers and how to deliver your product or service. The early days in business, although exciting, are often overwhelming. Every day presents a new challenge.
Unfortunately, almost 50 percent of new businesses fail within the first five years. Any business can beat the odds if they organize their business properly