If you're preparing to start your own business in New Jersey, you may have a few questions about your new venture -- perhaps more than a few. No matter what the climate, surviving the first year of a small business isn't easy. According to the U.S. Small Business Administration, approximately 50 percent of small businesses fail in their first five years. Therefore, it pays to get sound advice from any reputable resource you can.
Entrepreneurship and business formation involve taking risks and inevitably mistakes are made. Some mistakes are so common that entrepreneurs who have some experience under their belt can help young entrepreneurs avoid some time-consuming errors. The previous post began to discuss an article by Alex Taussig that appeared online in CNN Money that lists 15 mistakes that are commonly made by young entrepreneurs, but he believes could be avoided.
A recent article by Alex Taussig on CNN Money is full of tips for young entrepreneurs. Taussig says that it is impossible for entrepreneurs to avoid all mistakes because starting a business can have lots of starts and stops and making mistakes and learning from them is a big part of entrepreneurship. Taussig says, however, that there are common mistakes that young entrepreneurs make that are easy to avoid.
As discussed in the previous post, the Kardashian reality-TV-star sisters, particularly Kim, are inventive and successful entrepreneurs. One recent new business venture, however, was a massive failure. The Kardashian Prepaid MasterCard, a prepaid debit card, was pulled from the market after being released just three weeks ago.