Many people reach that point in their working life where they get tired of being used and abused by bosses whose daily goal is to push them to the brink of a meltdown. It's usually at that breaking point that people are inspired to quit and become their own boss in a start up business, where the only person you have to answer you. However, statistics show that 8 out 10 start up businesses fail within the first 18 months. Those are not very good odds if you're contemplating a business idea. But there are some pretty useful tips to help you to become successful right out of the gate.

Linda Rottenberg is known as the "entrepreneur whisperer," and in the video that follows she offers up some crucial tips to some fledgling bakery owners in one of the toughest cities in the world: New York City.