Adversity comes in many forms. Still, everyone faces difficult challenges and situations in their life. And, unfortunately, professionals don’t always come out on top. Any given venture can fail for a variety of reasons –– some of which are outside of anyone’s control. Indeed, roughly half of all small businesses fail within their first five years. The good news is, entrepreneurs can always try again. To that end, here are five solid reasons to start another business after an initial failure:

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You might decide that you want to launch a side business to see how it goes or you only want to work a limited number of hours, whatever your reason or motivation, setting up a part-time business is an exciting time.

It might be that you want to search for a commercial property for sale so that you have a base for your new business, or you have some questions about how to set up the venture from a legal and taxation perspective.

Here are some key steps that you will probably need to take when you launch a new part-time business.

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The auto trade is a competitive industry, full of car enthusiasts, entrepreneurs, and salespeople, some of whom have recently become dealers, others of which have been in the business for decades. You also need to understand the nuances as well as rules and regulations that affect your business. However, there are few key considerations and tips to follow before entering into the industry and here are some of the most important:

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