CONTENTS
Home
Preamble
Myths
Realities
Challenges
The Entrepreneurial
Process
The Truth About Franchising
 

 RESOURCES
Wayne State University
US Small Business Administration
Statistics Canada
Definitions, Data Sources & Methods
SmallBiz.com
CANSIM
Commodity Search
Canada Business Service Centre
Business Start-up Assistant
Strategis
About.com Small Business Canada
 
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So you've heard the stories, read oodles of magazine articles, visited dozens of the millions of websites extolling the virtues of self employment, and have decided that you're ready. This site is intended to bring some context to the world of "small business and entrepreneurship" without attempting to extinguish the flames of desire of the many, nor the dreams of those who yearn to achieve mastery of their own destiny.                     More »
 
Did you know... Myths vs. Realities

Starting your own business is risky. Of all companies started,
  • about a third fail within 1 year,
  • half fail within 2 years,
  • 80% fail within 3 to 5 years
  • 1 out 3 businesses will close their doors within 6 months
  • 3 out of 4 will fail within 5 years
  • 9 out of 10 will eventually close

                        More Statistics »
    		• Myth: A small business is simply a little version of a big business.

    Reality: most experts agree that a small business is not a little big business, and at least in the area of financial management must have a different outlook and must apply different principles than those ordinarily used by big companies.

                        More Myths »
     ABOUT THIS SITE
    This site has been established for the aspiring entrepreneur.

    As laudable as entrepreneurship might be, starting a small business is risky, so risky in fact, that most people will eventually fail at this attempt. As comforting as it might appear, the Internet, with it’s ample availability of information, will not in and of itself translate into success. What the aspiring entrepreneur/business owner requires is knowledge. Knowledge and information unfortunately are not synonymous, and to assume so, would likely lead to a failed outcome. The key to acquiring knowledge resources is do sufficient research, to investigate, and to identify those interactive programs that will provide the necessary personal guidance, to help you achieve your individual goals and aspirations. Knowledge is acquired only when context is added to information, a task very difficult to provide over the Internet.
    © 2004 The Business Development Institute.  All Rights Reserved.