n African Journal of Science, Technology, Innovation and Development - Entwine Global : research notes / commentaries

Volume 1, Issue 2_3
  • ISSN : 2042-1338
  • E-ISSN: 2042-1346
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There are many challenges that one faces when starting a business. It is a constant effort to build a base of clients, make decisions on every aspect of the enterprise, develop relationships and keep finances on track. There are many financial decisions that one has to make when running a new venture. It is especially true when you are transitioning from a secured monthly salaried job to creating the money yourself. There is sense of financial insecurity, personal doubt, and fear that you have to overcome on a daily basis.

The one sure thing about owning a small enterprise is that there is no such thing as a sure thing. There is no guarantee that you will succeed. In the United States, nine out of ten businesses fail within the first year of operation.

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