ABSTRACT
Statistics show that approximately 20,000 new businesses will start this week alone. Over 85% of those businesses will have sales of less than $1 million per year and have less than 20 employees five years after their establishment. Most of those businesses are mom-and-pop establishments, composed of restaurants, retail stores, coffee houses, etc. In this Guide, we will concentrate on those new ventures that depend on formal technologies and seek large amounts of external capital for growth. These new ventures exhibit the following characteristics.
