You've thought about starting your own business for years, and this time you're ready to put your money where your mouth is. It's true what you hear that starting your own business will demand a massive amount of your time, and for a good reason.
Every year in the U.S. alone, more than one million businesses start up. However, 40 percent will not make it through the first year, and within five years of the starting date, 80 percent of businesses will fail. Ouch.
If you're still determined and willing to risk, you could potentially have a successful business.
Marketing expert and author, David Newman, shares the most important do's and don'ts of starting your own business, as well as what you need in order to be successful.