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How to Succeed in Small Business? Dream Big

December 4, 2004/

It’s crucial to have a clear, intense vision of the business you want to start. Without it, most entrepreneurs fail.

Successful entrepreneurs have something that unsuccessful ones don’t have: the vision thing. Robert Baum, an assistant professor of entrepreneurship at the University of Maryland’s Robert H. Smith School of Business, studied fledgling small-business owners and found that those who have a clear idea of how their companies will prosper are often more successful.

By Louise Witt

http://www.fortune.com/fortune/smallbusiness/answercentral/0,15704,683018,00.html

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