To be a successful entrepreneur, it is helpful to have a supportive environment. In particular:
- Can you cope with the demand of your wife? Kids?
- Is your debt (e.g. flat, house) manageable even when you are on a lower pay check or generate irregular income?
- Would you be ready to change your lifestyle to a ‘lower cost base’ for a number of years?
- Do you have money aside so that you can still sleep well, and you don’t have to think and worry about money every day as the leads you are working on take a lot more time to be turned into customers?
In the initial months, and maybe years, you might have to work every day of the week, or take very few holidays – say 1-2 weeks instead of 4-6 weeks. Is this acceptable to you and your family?