A new venture is risky. It may make heavy demands, financially and time-wise, on you and on those close to you. It might not provide you with security such as a regular pay cheque, medical and dental benefits, and a pension plan. One of the first steps you should take in making the decision to start a small business is to determine if you have the right skills and temperament. You have to be as honest with yourself as possible.
Most entrepreneurs have a strong inner drive to strike out on their own.
They like the idea of being their own boss and not having to report to anyone. I've always had an independent streak even when I was working in a large federal agency. I'm sure it was that independence that helped me decide to take the plunge and start my own business when I was let go. After three years, I still like the feeling of being in control. Successful entrepreneurs believe in themselves.