Nearly 10 years ago I built my house. I decided to be the general contractor on my own and learned that, at the time of the housing bubble, there were really only two requirements to be a contractor. First, you had to have a truck. Second, you had to have a dog.
In the nearly nine years that Tribute Media has been a web agency (web development, web design, web marketing, etc.), we have seen so many agencies come and go. In fact, most of the agencies that were around when we started are now out of business. Even some that we thought were stellar competitors have gone away.
We've seen many start and almost as many end in the last nine years. It feels that the only qualification to starting an agency (social, SEO, web design) is that you have to have a computer and lost your job.