No person should start a business simply because of the potential for making big profits. The most successful business owners are doing what they are highly skilled at and passionate about; the profits come automatically. With this in mind, focus on building your new business on your talents and strengths. Of course, having a profitable business is great, but you should also be happy at the end of each and every workday as well.
No one can predict future events or create the perfect business plan. Although preparation is very important, it will not tell you everything you will encounter. You can't expect to succeed by doing everything "by the book." What worked for one business may not work for you. Jumping into everything feet first and being tested under fire will make you better. Learn from your mistakes and resolve to never make them twice.
You can't rely solely on your knowledge and skills to accomplish everything for your business. Surround yourself with mentors and advisors who can guide you. Invest in a business IT support service to keep your technology up to date and running smoothly. Partnering with other professionals and seeking advice is not weakness. It is the sign of a business owner who is strong enough to realize he or she can’t solve every problem.
Nobody wants his or her business to fail, but sometimes it happens. Recognize your point of no return and stick to it. If your business doesn't work out, reflect on what you can do better next time to be successful in future entrepreneurial endeavors.