According to the U.S. Small Business Administration, around 50% of all small businesses fail within the first five years. Why do so many start-up businesses fail? Poor management, poor planning, insufficient capital, dismal sales, overexpansion, and lack of experience can all contribute to the failure of a new business.

Many entrepreneurs find aspects of starting their new venture overwhelming. Some issues and challenges that they face include:

Financial concerns
You face the possibility of uncertain income, irregular paychecks, and potential financial loss as an entrepreneur.
Sole responsibility
As a start-up business owner, you are a jack (or jill) of all trades. You do it all, from paying the bills to making sales calls. As the owner, you have total responsibility for decision making regarding all aspects of your business. If you make a good decision, great. If you make a bad decision, you have no one to blame but yourself.
Personal commitment
It's normal to work long and irregular hours, including weekends. You may have to give up vacation time. Entrepreneurial ventures often interfere with your personal and family time. And, starting your own business can take both a physical and emotional toll on you and those around you.