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Almost half of all small businesses are unsuccessful within the first two years of operation. The number one cause for business failure is insufficient planning. The second reason is under-capitalization.
Your first step always is to make a solid business plan. Your business plan is more than a paper on "Why I deserve to get funding for my idea" however. Your business plan should be a living, breathing roadmap that helps you make sure you're on course and reaching the goals that you set for your business.
The second step to business survival is getting sufficient financing. Although the term "bootstrap entrepreneur" describes most small business owner, having enough capital to be able to remain your business afloat is vital to your survival.
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