Pakistan, Dec. 3 -- Budding entrepreneurs beware. Two in 3 new businesses fail within 10 years, according to data from the Bureau of Labor Statistics.

What helps the other third avoid that fate? CNBC talked to three entrepreneurs who transformed their bold ideas into multi-million dollar juggernauts. This group of business owners, all members of the Tiger 21 networking group for wealthy individuals, reflected on their careers and provided tips to help you get your start-up off the ground.

Shawn Stafford

President and chief executive of Real Estate Service Solutions Company (RESSCO) in Detroit

After graduating from Michigan State University in 1995, Stafford began working at Ford , where he built a career as a purchase manager, working...