Starting a company? 3 things you can’t mess up

Few start-up founders are clear-minded enough about three non-negotiable fundamentals.

If there is one part of the economy that’s booming right now, it’s the start-up space.

A recent Wall Street Journal article pointed out that there is such a high demand for start-up funding that even hedge funds, private-equity firms, and sovereign-wealth funds are investing in closely held start-ups.

And yet the failure rate for new ventures remains defiantly high, at around 80 percent. (Most official agencies put the number at about two-thirds, 66 percent or so, but these are based on the failure rate of those start-ups that actually get around to registering with the IRS or other agencies. Anyone involved in the start-up industry knows that very many new ventures fail so quickly they never get around to filing with anyone, thus understating reported statistics.)

…to read this article in full, visit leading US small business resource, Inc.

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