So you’re thinking of starting your own company or small business? Before you dive into creating a business plan, you need to assess an important question: Are you ready for the entrepreneurial life? Here’s a checklist to help you answer that question:

1) It’s all you think about;

2) You’re beyond determined;

3) You turn criticism into motivation;

4) You have some money in the bank; and

5) You have healthy coping mechanisms for stress.

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