Starting up your own business can be both an exhilarating and debilitating affair. There's plenty of promise when you go off on your own, full of good ideas and intentions. But according to a study done by MarketWatch, Inc. the harsh reality is that the majority of small businesses that have at least one employee other than the founder go belly up within their first four years.
Many of those failed ventures were probably doomed from the start, either as a result of a bad concept or a lack of adequate capital. But entrepreneurial experts say a lot of start-ups suffer simply because the founders fail to prepare properly for their debut as proprietors or refuse to alter their initial plans to conform to market realities once they're off the ground.
One thing too many entrepreneurs shy away from is asking for help, either from other small-business owners or from mentors in related fields. There's no substitute for good one-on-one contact with folks who have been through the mill before, especially if they have survived into that crucial fifth year, and no shame in admitting you don't have all the answers.
We understand your need for answers and we want you to succeed. With AFS, your membership includes unlimited access to professional consultants with ProTalk® and ProTax and the great online source of TaxCentral. You can also receive answers to a lot of your legal questions with and Legal Club of America® benefits for both your business and family issues.
Don’t let not knowing the answer stop you from having a successful business. Receive your answers from top consultants, CPAs, and Attorneys as an AFS member!
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