When you decide the time is right to start your own business, there are many factors and areas you need to consider. Will you run your company from your own home? Will you take on staff at first? How will you fund the business to begin with?
You could spend a considerable amount of time working everything out before your business takes off. And rightly so. If you do not think things through thoroughly, you could run into major problems once you have already started operating. So it is better to iron out any potential problems before you get started with your company.