Most would-be business owners envision short stints of activity followed by endlessly flowing checks from happy customers. As the visions of the perfect business progress, long days of leisure financed by free-spending clients serviced by hard-working minions eventually lead to a big bank account and an early retirement. While it is a compelling vision, the Small Business Administration reports that new ventures have only a 50% chance of making it through the first five years. Many would-be moguls just aren’t prepared for the reality of running their own businesses.
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