LECTURE Starting a Business It is definitely not for everyone.

Starting a Business The most profitable investment anyone can make is starting a business It is also one of the riskiest investments anyone can make – You’ve heard the statistics: “50% businesses fail in the first year!” “80% of businesses fail in the first 5 years!” “100% of businesses fail in the first 10,000 years!” The truth is that no one knows the failure rate of small businesses because no one – not even the IRS – knows how many small businesses there are! Another truth is that many small business owners often will fail 2 or 3 or more times … until they succeed.

Starting a Business SCORE – sandiego.score.org Kiva – www.kiva.org (continued) SCORE – sandiego.score.org Service Corps of Retired Executives Kiva – www.kiva.org Worldwide peer-to-peer lending organization Accion San Diego – www.accionsandiego.org Awesome local small business organization (Careful: Don’t go to accionsandiego.com) South SD Small Business Development Center Hosted by Southwestern at our National City campus – www.sdivsbdc.org BUS-120, BUS-145, etc. – Don’t forget us! There are tremendous resources available to small business owners. Don’t Go It Alone!