» Know yourself and your interest and capabilities to be first an entrepreneur and specifically with this business.

Not everyone is cut out to run his or her own business. While the risk may be equally difficult in other income earning environments, often people who are successful as employees doing the same kind of work may not be successful or happy as a business owner, particularly if they have put up their life’s savings as part of the purchase. If you hate widgets and buy a company that makes widgets, you are likely to not like owning a business that makes widgets. Perhaps knowing to walk away will help you ensure your success.