How to survive your first year in business

The first year will be fraught with risks and challenges, but if you’re well prepared, you will make it through unscathed. It starts with a lightbulb moment, but the road from brilliant idea to booming business is never smooth. Many entrepreneurs underestimate the amount of hard work that’s required to keep a business open long enough to turn a profit. They open their doors with great excitement, only to find customers are not rushing to buy their product. Building a successful business takes time, patience and hard work.

So how can you survive the first year without burning out or giving up?