There are more than 25 million startup businesses in the US and they are responsible for US job market growth.
According to the Small Business Administration, small-scale companies added 1.4 million new jobs in the year 2014 and 39% of those jobs were added by very small firms.
Despite such impressive statistics, a large number of small businesses are destined for failure. Experts believe as many as 96% startups will fail within first 10 years. A smart entrepreneur is one who fights against all odds and becomes successful.
