Starting your own business can be a daunting, but exciting, adventure. There are approximately 600,000 new businesses started in the United States each year, but only 69% of them survive two years, and a mere 31% survive at least seven years. With these odds against you, it’s important to have all of your ducks in a row to increase your new business’s chance of success. Being passionate about your product or service is not enough to survive – you need to know the ins and outs of running a business.

Are you looking to start up your business and just don’t know where to begin? We’ve selected 10 components that we think are the most critical to your business’s prosperity, and compiled them into this infographic:

Our goal at Nextiva is to help your small business flourish by providing you with robust and reliable communications tools. Our business VoIP products are designed to keep you organized, increase your mobility and grow with your business. To find out more about how you can receive big business phone features at small business prices with Nextiva, visit or call 800-983-4289.