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Even if you have plenty of money, going to business is not as easy and as simple as it seems. You should first evaluate your interest, experiences, skills and the community needs. For instance, are you good in human relations? Do you have social contacts?
Aside from positive personal qualities as an entrepreneur, good planning and preparation are essentials in setting up an enterprise. Of course money and other valuable resources are needed in business. But without proper planning and adequate preparation, such resources may disappear. Such loss is unfortunate and unnecessary since it can be prevented.Putting up a business enterprise is an investment.As such it should take into serious consideration the criteria of good investment, like safety of the capital, stability of income and possibility of growth. Business is not really very risky-like speculation or gambling if it is well studied, planned and managed.