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Friday, September 22, 2006

Starting A New Small Business?

Some 464,000 people on average start new businesses each month, according to the Kauffman Index of Entrepreneurial Activity.

But according to the Small Business Administration, only two-thirds of new businesses last at least two years, and 44 percent survive for at least four years.

So for those who have already gone down the entrepreneurial road or are just thinking about it, Neil Anderson, president of The Courage Group, a services firm for entrepreneurs, offers these tips for avoiding the startup graveyard.

  1. Market and Sell
  2. Have a Sense of Urgency
  3. Hunker Down
  4. Take Nothing for Granted
  5. Exercise
  6. Down with Negativity
  7. Have a Daily Business Plan
  8. Visualize Success
  9. Remember the Alternative
  10. See No. 1 Again!

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