Prepare a Business Plan
There is no way to eliminate all risk associated with starting a business, but you can improve your chances of success with proper planning and preparation. A good starting point is to evaluate your strengths and weaknesses by creating a Business Plan. This will help determine whether or not you are ready to start a business.
A Business Plan is the blueprint or road map for where your business will travel. Your plan may also serve as a tool for raising capital and is usually required when applying for a loan or attracting financial investors.
Need help writing your business plan? Click here for an online tutorial.