More than 28 million small businesses exist in the U.S. which is 99.7% of all U.S. businesses. The idea of being self-employed is often portrayed as glamorous and financially rewarding. Unfortunately, many businesses struggle or fail at the out-set and only two-thirds of businesses with employees survive more than 2 years. There is no magic formula for starting a business. Understanding the risks and time associated with opening and maintaining a business is essential. You need more than money.