Along with new products and features, there is always the possibility of product launch delays and even cancellations, which can be hard on a small business that relies on the success of the feature to get them going.

3. Bootstrapping in the Midwest. Often overlooked by startups in favor of more traditional hubs like Silicon Valley or New York, the Midwest is increasingly cultivating centers of entrepreneurial activity, according to Small Business Trends.

The owners of companies like WaterFilters.net, Quantum Retail, Bay.ru and others have also been bootstrapping their ventures with little outside capital.

"You don't hear about them, because they don't have big funding announcements to make. The entrepreneurship media ignores all these companies that don't raise big money, but they generate big revenues," the article says.

-- Written by Laurie Kulikowski in New York.

To contact Laurie Kulikowski, send an email to: Laurie.Kulikowski@thestreet.com.

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