According to statistics compiled by the Small Business Association, around 50% of businesses fail during the first five years.
While the reasons for this certainly vary, it often boils down to insufficient preparation or a lack of dedication to the business.
A strategy that helps many entrepreneurs focus on their business and get better results is to invest all of the initial profits back into their business.
When the money begins to come in, it's tempting to use it for celebration.
This certainly makes sense - you have sacrificed your time and resources, and now it's starting to pay off.
But those who buy a new truck, remodel their house or go on an extravagant beach vacation will see their money disappear at an alarming rate.
The best utilization of these funds is to invest it back into the business.
The ability to override your list of wants only comes after you have made the growth of your business your primary objective.
It requires discipline, because there are a million ways to spend your hard-earned money.
You'll find, however, that investing in your business is one of the most effective things you can to help your business succeed.
Some entrepreneurs have found that it is helpful to maintain their profits in a separate account from their general funds.
By earmarking profits for business development, it is easier to track the money and ensure that it goes where it's needed most.
Carefully assess your business and find where your investments will have the greatest effect on growth.
This could include employees, marketing, product development or facilities expansion.
Keeping your business goals in mind is a powerful way to help your business succeed through the crucial first five years and thrive in the future.