This document discusses how social media can help startups succeed and avoid business failure. It notes statistics that 1 in 5 businesses fail within a year and 1 in 3 within three years. It then quotes Erik Qualman saying that the return on investment of social media is that a business will still exist in five years. It lists qualities of successful businesses, including having validated customers, networking skills, time management, communication abilities, and leveraging technology. The document concludes by listing specific social media actions for readers to take to help their businesses, such as joining LinkedIn, Twitter, and networking groups.