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I have owned a few...One of the biggest reasons for failures of small business is lack of capital...When I owned a retail store, I needed to buy fixtures, cash registers and counters...I also needed to pay two months of rent in advance and give a two month security deposit. ..Then I had to buy inventory (since I had no credit rating in business, all the suppliers wanted cash up front)...It gets rather expensive (then there is Advertising, tax reporting, utilities, phones, computers, payroll, etc)
I have been in my own business for over thirty years and I wouldn't have it any other way...Good luck to you.
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