Ed Fulbright, CPA, CGMA, PFS  According to statistics published by the small business administration (sba), about half of all small businesses survive at least five years and a third survive ten years or more. This is a far cry from the previous long-held belief that 50 percent of businesses fail in the first year and 95 percent fail within five years.   Although  the success rate is better, a significant percentage of new businesses do fail. Expert opinions abound about what a business owner should and shouldn't do to keep a new business afloat in the perilous waters of the entrepreneurial sea.

Today we will discuss Almost Everything You Need To Know Before You Go Into Business.

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