Workshop aims to help entrepreneurs succeed
Baker
They have great ideas capable of transforming the world — or at least their corner of it.
Unfortunately, that great idea may not be enough. Roughly 40% of businesses fail in the first year, and 90% fail in their first five years, Brent Baker, executive director of Pend Oreille Economic Partnership, said.
"Most people who go into business do not have an MBA and have not extensively studied the world of business," Baker said. "What they have is a passion for something, a skill, and a desire for independence, so they go into business for themselves."
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