So, you’re thinking of starting your own business?

Well, you’re not alone. Last year thousands of people across the United States decided to exercise their independence by creating their own small businesses.

The American Entrepreneurial Dream

You likely have a dream to take a business idea from the concept, research and planning stages to the day when you open your door, hang out your shingle or go live online.

New business owners often have the same concerns as new parents. Will I be successful? Who has done this before and can advise me? Where will I get the financing? What help is available, and how much will it cost? All those concerns seem to hit at once.

Most of those who succeed in starting their own businesses have planned for every phase of their success. Thomas Edison, the great American inventor, once said, “Genius is 1 percent inspiration and 99 percent perspiration.” That same philosophy also applies to success in business.

To enhance your chances for success, first generate a little bit of that perspiration to eliminate the most common mistakes new business owners make. According to the experts, most novices should spend a great deal of time researching their potential businesses and the marketplace.