If you are going to go into business then you should consider how this position would affect your family and your family activities. You may find that your income will drop at least in the immediate term while your business is building up and you may also require using your family assets as security for business borrowing. It will also affect the children because they may have to go without holidays and other items that no longer can be afforded because of the capital required in the business investment. A lot of thought should be give to this area.
Many people go into business with one single purpose to make a lot of money.
That s fine. There s nothing wrong with that. One shouldn t be in business unless the objective is to make money. A problem arises however when the business takes top priority over everything else. There are many people who have built fortunes in business and have reached the top only to find on looking back that they have lost their health, friends, and family.