When it comes down to it you need to start your own business and throw caution to the wind. You must be ready to make good decisions as well as bad ones. You must position your company to generate profits while expanding to all parts of the globe. This is entrepreneurship. Starting a new business is a great risk: Not every entrepreneur becomes successful in their new venture. There is no potential payoff or secure salary but a great deal of competition within the lifestyle of the entrepreneur. You must be self-confident and brave enough to take a stand for what you believe in.. You must be tenacious, as starting a business is a marathon. Flexibility is a crucial point that helps entrepreneurs stay afloat in the business pool.