5 Necessities for Starting Your Own Business

by Alp Mimaroglu via Entrepreneur.com

Starting a business is not like climbing Everest -- in fact, 530,000 Americans do it every month. But knowing the common, unforeseen roadblocks new businesses run into will give you a competitive edge and set you up for success.

There are all sorts of factors involved with starting a business, some of which aren’t immediately obvious. Some people don’t realize the hidden costs of starting your own business. Others don’t have clear distinctions between red and blue oceans  Still others are unprepared for the little failures that pop up, and crumble because of a lack of patience.

Being prepared for what’s going to come your way will be a game-changer when it comes to starting your business. You’re probably pretty well prepared, but here are a few things you may not have thought of...