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As any small business owner knows, starting a business is not glamorous work.

It's tough for people to get into business, especially a small business.

Well, I think that there's a very thin dividing line between success and failure. And I think if you start a business without financial backing, you're likely to go the wrong side of that dividing line.

When you create more small businesses, you create small entrepreneurship. Out of that comes self-determination and employment.

For small businesses trying to figure out how to get big, I would say you are going to have to take some risks. And I think that is what shuts off most people. They are not willing take the risk.

I didn't realize how hard it was to run a small business.

Legitimate small businesses are put at a huge competitive disadvantage when bad actors lie about their small business status and don't play by the rules.

Many businesses fail because the owner wasn't willing to invest and wasn't educated on the difference between spending money frivolously and investing money into the business for growth, and the risks and rewards of that cash infusion.

The truth is that most small businesses will not succeed and you need to be emotionally prepared for this.

Money is a very fundamental ingredient in anyone starting up a new business.