The best time to begin your own business is when you don't need the money. Most people don't look for a second income until they are faced with a financial crisis, which means their options are limited. Since they need money right away, they are forced to take a job that pays a salary, as opposed to starting a business that they enjoy but that may not generate income right away.Another reason people are reluctant to start their own businesses is the often quoted statistic that 90% of businesses fail. The problem is that there doesn't seem to be any research backing up this number. In fact,
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