Many successful entrepreneurs were inspired to start their businesses after noticing a hole in the marketplace that needed to be filled, whether it was Bill Gates creating an operating system for home computers, Pierre Omidyar starting an online auction site, or Elon Musk building a reliable electric car.
It is an exciting time for anyone who’s ever dreamed of being their own boss. Across the U.S., new start-up hubs are growing and a variety of policies are making it easier to start a business.
But the reality is many start-ups don’t survive their first year.
Earlier this year on the private messaging app Cyber Dust, billionaire entrepreneur and “Shark Tank” investor Mark Cuban shared five rules every entrepreneur should follow to avoid failure.