Just about anyone can come up with ideas for a business venture. This is usually the easy part. The difficult part usually lies in actually being able to transmute that idea into reality. It is at this stage that most people fall short.
While the vast majority of people will never take the necessary steps to turn their business ideas into a business venture, research tells us that the few who actually take the plunge will not get very far with their venture as 20% of such businesses will likely fail within the first year. Another 50% will fail in their second year of operation.
