What does it take to be an entrepreneur? Starting a successful business requires more than a good idea: You also need financial backing, support, and a lot of tenacity. It’s not an easy process: About half of Canadian small businesses fail by their fifth year in business.
But you don’t have to accept that fate for your own startup. This article will tell you all about the early stages of building a new business, including finding financial support and how to convince backers that your idea is a profitable one. With some guidance and passion, and a great plan, you should be able to build a business that you’re passionate about—and that’s profitable, too.