“Would you like me to give you a formula for success? It’s quite simple, really: Double your rate of failure. You are thinking of failure as the enemy of success. But it isn’t at all. You can be discouraged by failure or you can learn from it, so go ahead and make mistakes. Make all you can. Because remember that’s where you will find success.”
— Thomas J. Watson
1. What are the Pros and Cons
There are many reasons why people start a business. Usually it’s based on a want to have the American Dream or to change the world by helping others. What ever the reason you must way the Pros and Cons. Can you handle being your own boss or the boss of other people. Will your leadership skills allow you to make big decisions that affect you, your family or possible employees. Can you handle no guarantee of a salary or paycheck? You wont be able to please everyone – customer and employee alike. There will be long hours at work and business growing pains. Truly check whether this is the lifestyle for you before you move forward.