News Summary

• Starting a successful small business with $5,000 or less is possible.
• To begin a business with a low initial investment, focus on an idea that's within your skillset or one that can have free or low-cost marketing options.
• Initial investments typically need to cover training, marketing, software, equipment and legal setup.
• According to the u.s. Bureau of Labor Statistics, around 80% of small businesses survive the first year, and the percentage dramatically declines each year after that.