Out Of Work? Try Starting Your Own Business - Los Angeles News | FOX 11 LA KTTV

Out Of Work? Try Starting Your Own Business

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Los Angeles, CA -

(FOX 11) The economy may be improving, but California's unemployment rate is still tied for worst in the nation at 9.8%.

One option for people looking for jobs? Starting their own businesses. But 85% of all startups fail in their first year.

How can you make yours succeed? Executive consultant John Burch's worked with hundreds of small businesses, including the highly successful Cross Fit LA, which is based in Santa Monica.

Here are mistakes to avoid:

1) Failing to build an audience before you open

2) Using the wrong strategy

3) Leasing the wrong space

4) Buying the wrong equipment

 

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