Every day, millions of Americans go to work--on their own terms. They're pursuing their dream by making a rewarding living through self-employment. Is this something you've always dreamed of?
If it is, you should know that a full 95 percent of new businesses fail in the first five years, according to the U.S. Small Business Administration (2003). We hope that number shocks and motivates you. Perhaps someone else's failure has no bearing on the success of your business. Your business will thrive or fail based on the need for your product or service, your ability to deliver (talent plus drive), and a good dose of luck. With a clear vision of your goals, some good advice and dedicated effort on your part, you could achieve your wildest dreams. Read on to determine what you need to know and do to succeed with your budding (and we're not just talking flower arranging) enterprise.