According to a recent study conducted by Intuit, 87% of business owners agree that the first year in business is as tough or tougher than all other years.
Among other things, the study also found:
- 65% would spend more time and money on marketing
- 61% relied on online resources and/or friends who own small businesses for guidance during the first year
- 64% start with less than $10,ooo and 75% relied on their own personal savings
For more interesting tidbits from the study, check out the infographic below.