So you are thinking about starting your own business.   It is exciting and scary at the same time.   Here are my thoughts for people thinking about starting a business.

First, make sure you are the type of person that should run a business.   If you don’t have the character and work ethic to be an entrepreneur, your failure is just a matter of time.   I often talk to people that think putting up a website constitutes their business plan and think success hinges on them simply ‘creating’ a site and saying I am open for business.  So, here are some basic traits and qualities of entrepreneur vs. employee

Does this describe you?
You love creating stuff from scratch.
You get pleasure in putting in hard work.
You are not above doing the ‘dirty’ work.
You understand your success depends on how good you are.
You love planing. You love thinking about how you can make your business better.
You hate excuses, they are just reasons for failure.
You are good at handling adversity.
You love change.

If you read through this list and thought this is just not you, you may want to seriously reconsider starting a business. Starting a business is hard.  It is full of challenges and you could lose a significant amount of money.

Having a unique idea that caters to a niche market also helps!   Good luck!