You will need some basic business skills (or the ability to pay others who have them), money (at least enough to pay both your living and business expenses for at least a year if you're jumping in full-time), knowledge of and passion for your business idea, some risk tolerance, the ability to sell (either yourself or your product/service), good health and physical stamina, the ability to learn quickly and on the fly, ability to deal with stress, determination, decision-making ability, and good time management and organizational skills. And it doesn't hurt to have some contacts in your field. If you're planning to work at home, you'll need to be able to deal with issues like procrastination, isolation and the crossover between your business and personal lives. If this makes it sound like starting and running a business isn't for the timid, you're right!
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