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Over 50 percent fail the first year, most don't make a profit...
One of the main drawbacks of globalization for the American economy is the claim that it makes the rich richer and the poor poorer. Also, it assumes that big business will act with less accountability.
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There are many online shops that sell book about 10 steps to starting a business. Amazon.com is one of online shop that sells book about 10 steps to starting a business. You can visit www.amazon.com
Yes, it is true that one person out of 15 persons thinking about starting a business actually starts one.No
One may learn about starting a part time business by taking seminars at the Chamber of Commerce or career workshops through a local library. These will provide all the necessary legal and tax information for starting a business.
There are lots of websites that can help one learn about starting a business franchise. Ifranchisegroup, Entrepeneur, and Thefranchiseking are great places to start.
Accepting responsibility
One of the drawbacks of using only equity to raise capital is that the founders must give up some control of the business.
There are many different places where one can get a bank loan for starting a small business. The best place to get a bank loan is by visiting a local banking institution.
Beginning a small business is a complicated task. One of the key starting and focal points should be the planning of the business. It must be decided how the business itself will become profitable as well as maintainable.
Before starting a business one should know if this is something he/she is going to like and will continue with. They also need to have a lot of knowledge on the particular subject of their business as well as how big he/she is planning to make his/her business and how many employees he/she plans on hiring.