According to Boefly’s blog small businesses can face various challenges within their first years. Referring to the Small Business Administration, 10 percent of startups will go out of business within first year and only half of them will last five years.
David Young, partner at the law firm DLA Piper, explains that “historically, the hardest piece of fundraising is that first piece of cash. The first million.”
Before thinking of the first million… Continue reading