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Starting your own business can be an exciting investment. Whether your business is your passion, or just a genius plan that you developed, it is important to know the facts about starting a business before you invest. Many people have misconceptions about what starting a business entails. In order for your business to have a fair shot at success, you should be aware of what to expect. To help clarify things, we've compiled a list of myths and facts about opening a small business.

It doesn't matter if we are talking personal life or business life. We all have problems. We all have things we'd like to change. For many of us, we don't know where to start. Might I suggest you start right here. Learn and understand these FIVE STAGES OF CHANGE and you will be on your way to making the needed changes in your life. You will have a plan for solving those problems.

In many ways, business partnerships are very similar to marriages. There is a fundamental difference though. Unlike the already high divorce rate in America (According to divorcerate.org, 50% of all marriages in the US end in divorce), some studies suggest that 60% or more of business partnerships fail within the first 5 years of being in business. With the odds stacked so heavily against partnerships, why are people still considering forming partnerships for business ventures? The answers lie in the benefits of having a business partner.

Based on how chaotic the commercial banking climate is currently, the situation described in this article is expected to prevail for a long (but unpredictable) period of time. In spite of the confusing and frustrating commercial loans environment, a prudent business financing strategy is likely to produce the most effective results that can be hoped for by small business owners. With working capital financing and business loans, commercial borrowers need to be prepared for a long and bumpy ride.  Read More...