Starting your own business can be one of the most exhilarating life experiences. It also can be the scariest. When you are good at something or have what you believe is the next best product, hanging your own shingle may be the way to go. Yet, along with it comes a bit of fear about making it on your own.

1. Take flight
or nosedive?
Startups by
the numbers:
Don’t
undershoot
the runway …
Properly project your
startup costs:
Market research
Securing an office
Advertising/marketing
Staff training and wages
Professional consultant fees
Capital expenditures
Make sure your
employment
contract doesn’t
prohibit
moonlighting.
Don’t let your
startup affect
your day job.
Pick up best
practices from
managers and
processes.
Stay connected
with close family
and friends.
You’ll need their
support.
476,000
U.S. businesses
started each
month.
1/2 of restaurants,
retail stores, direct
sales and consulting
firms don’t make it
5 years.
9 out of 10
startups
eventually fail.
42%of startups
fold because there is
no market need for
their product.
10 traits of successfulentrepreneurs:
tenacious
negotiators
flexible
PASSIONATE
RULE-BREAKERS
SELF-
BELIEVERS
TOLERANT
NETWORKERS
VISIONARY
PERSUASIVE
Do you have what it
takes to get your wings?
How to start a business
Get your startup off the ground.
Depart without a
flight plan and you
may be grounded …
A business plan should answer:
Taxi until you're
ready to takeoff ...
Keep your day job and begin your startup
part-time with these tips:
“Having only 95 percent
of necessary capital to start
your business is not enough.
You need 100 percent.”
- Chris Bakersville
Eat well and
exercise to
maintain
good health.
What is your product?
Who is your market?
Why are you in business?
How do you differ from
the competition?
How will you fund
your business?
Sources:
1. Patel, Neil. ”90% Of Startups Fail: Here's What You Need To Know About The 10%.” Forbes. Forbes Magazine, 16 Jan. 2015. Web. 04 May 2015. <http://www.forbes.com/sites/neilpa
tel/2015/01/16/90-of-startups-will-fail-heres-what-you-need-to-know-about-the-10/>.
2. Shuteyev, Paul. “StartUp Business FAIL/WIN Statistics.” Email Marketing Blog Atompark Software StartUp Business FAILWIN Statistics Comments. Mass Mail Software, 15 Apr. 2013. Web.
04 May 2015. <http://www.massmailsoftware.com/blog/startup-business-failwin-statistics/>.
3. “Ewing Marion Kauffman Foundation.” Kauffman Index of Entrepreneurial Activity. Ewing Marion Kauffman Foundation, 8 Apr. 2014. Web. 04 May 2015. <http://www.kauff
man.org/what-we-do/research/kauffman-index-of-entrepreneurial-activity>.
4. Robinson, Joe. “The 7 Traits of Successful Entrepreneurs.” Entrepreneur. N.p., 10 Jan. 2014. Web. 04 May 2015. <http://www.entrepreneur.com/article/230350>.
5. “Is Entrepreneurship For You?” U.S. Small Business Administration, n.d. Web. <https://www.sba.gov/content/entrepreneurship-you>.
6. Prive, Tanya. “Top 11 Reasons Startups Succeed.” Forbes. Forbes Magazine, 29 Mar. 2013. Web. 04 May 2015. <http://www.forbes.com/sites/tanyaprive/2013/03/29/top-11-rea
sons-startups-succeed/>.
7. Baskerville, Chris. “The Top 5 Reasons Startups Fail.” Forbes. Forbes Magazine, 6 Mar. 2015. Web. 06 May 2015. <http://www.forbes.com/sites/quora/2015/03/06/the-top-5-rea
sons-startups-fail/>.
8. Beesley, Caron. “How to Estimate Starting a Business from Scratch.” SBA.gov. U.S., 26 Jan. 2015. Web.
9. Porowski, Jody. “I Juggled a Full-Time Job While Launching My Startup.” Inc.com. N.p., 6 June 2014. Web. 06 May 2015. <http://www.inc.com/jody-porowski/why-i-launched-my-start
up-while-working-full-time.html>.
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Do you have a startup idea?
“It is possible to fly without motors. But not
without knowledge and skill.”- Wilbur Wright