The first year of business is tough. In fact, statistics have revealed that 50% of businesses fail in their first year. During my first year in a partnership as a small business owner, I had my share of struggles and successes. The first 6 months were the toughest; there was so much to do, so much to learn. I was transitioning from working independently as a full time employee to being in a business partnership as a part time entrepreneur with a long-time and dear friend. We had our share of excitement and ups and downs which allowed us to grow individually and as partners.
Over the past few months, I spent time reflecting on the lessons learned throughout my first year. It has been on my heart to share these lessons, as they may speak to those trying to find their way as business owners.
The top 10 invaluable…
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