Money kills most new companies.
Nine out of ten startups will fail. It's a brutal world out there, and the reality of going into business is that it's incredibly hard to make a name for yourself in a noisy environment. For most entrepreneurs, this means struggle, although as most seasoned vets of the business world will tell you that can be quite alright. The next round of angel investors will be far more interested in what you learned from failure than how many triumphs are on your resume.
Still, most small businesses fail, and what usually does them in is money. No matter how good of an idea you've got, one of the hardest parts of starting a new business is raising the capital to get your vision off the ground. It is, according to Babson College's Global Entrepreneurship Monitor, the number one reason why new businesses fail. Investment is hard to come by, especially for a newcomer to the business world, and for many entrepreneurs, that initial seed money remains frustratingly out of reach.
The good news is that it's possible to succeed anyway.
Even a great idea can start off small. Just ask these eleven entrepreneurs who got going with nothing more than a few thousand dollars and grew their companies into household names...