There’s nothing quite like starting a business from scratch. It is one of the most rewarding — and challenging — things you can do.
After all, it requires putting everything on the line for an idea that may not resonate with the market, and there are plenty of potential missteps along the way. The risks are clear: Half of all businesses fail within the first five years, according to Gallup research.
To help you avoid that route, we have compiled five important tips to keep in mind when you do decide to start your own business.