About 700,000 new businesses are started each and every year. However, failure is happening in new small business at an astonishing rate, as many as 8 out of every 10 businesses in the first five years! If the stats showed that business owners would be more certainly successful, than people would be starting more businesses, which would create jobs, and eventually get our country out of its current recession. So what is the secret to business success? What's the "Magic Sauce" for success, so to speak? Watch this Kauffman Foundation video to learn more!