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So, you've decided to try your hand at owning a business. You have a product you believe in and you know your ideal market. However, even with a brilliant idea, 80% of all new businesses fail within the first year because they don't have the proper credit to keep them afloat. You'll need to have impeccable credit and strong revenue. Funding: Because you company's in its baby stages, one should approach informal investors for the money you need to get the ball rolling. A rich uncle or Sugar Daddy isn't a bad idea; however, you'd be better off avoiding mixing business with pleasure.
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