Despite who you are, starting your own business will be challenging, time consuming, and will make you want to tear your hair out. It doesn't take long to start a business as far as jumping through hoops and requirements, but those few hoops are on fire over a shark pool and after taking a bath in gasoline and seal blood, you realize it's going to take some serious finesse to pull it off. Realistically, it takes a lot of effort to get a business up and running and most fail within the first few years, but it's not impossible. Although the risks are quite high, it is still considered a good life and career choice to pursue small business/entrepreneurship. With the right level of focus and dedication it is very easy to succeed in the business field despite its grueling challenges. Before you even try to jump through hoops, one must first understand some small things like, what kind of business do you want to own, is it a service or manufacturing based business, is the business in high demand in your area or anywhere and any other questions that specifically relate to your chosen activity. Location is also a key factor. For example, opening another hotel in Gold Beach wouldn't be a great idea. These questions impact the business concept. “A business concept is the bridge between an idea and a business plan.” (2) This stage is very important and useful because it is illogical to try to start a business without real forethought. Once you've made the right decisions, it's time to put them into an organized layout. Putting together a business plan is the best choice. One of the big obstacles you face in the small business business is creating and presenting a business… in the middle of paper… in time and money, but if done right, it will pay off. So, with everything ready, the job for the entrepreneur is simple, but expensive. Despite the challenges, however, with the correct methods and dedication, success will be achieved. The biggest challenge is the long-term dedication to the company's success. Even though jumping through all the flaming hoops is dangerous and risky, if an entrepreneur manages to find his way he could end up with a nice pile of money. Works Cited http://www.forbes.com/sites/kauffman/2012 /06/11/how-to-turn-an-idea-into-a-startup-begin-with-a-business-concept-statement/ http://www.inc.com/guides/present-your-business -plan.html http://smallbiztrends.com/2012/12/start-up-failure-rates-the-definitive-numbers.htmlhttp:/ /www.irs.gov/Businesses/Small-Businesses-&-Self- Employee/Starting a Business Checklist