By allowing yourself enough time, you will more likely avoid mistakes that could prove costly.
Most entrepreneurs discover their businesses require more capital than originally anticipated.
If not, it may be worthwhile to take some courses or work in the industry until you gain the knowledge you need. You need to honestly assess your personality and finances to determine how much risk you can tolerate. This may rule out some high-risk opportunities. Some people go into business without a clear idea of just how profitable the venture will be. Take the time to determine if your business will be profitable enough to justify your effort and provide you with the income you need.