Everyone who starts a new business or takes advantage of a franchise opportunity hopes that once the decision is made, the business will succeed. This optimism is a good thing, but it’s important not to approach business ownership in a naïve manner.
The sad fact is, not every new business succeeds, and, in fact, many don’t. In some sectors, such as restaurants, most actually fail. Success is not guaranteed, but there are some things you as a new business owner can do to dramatically increase your chances of success: (more…)