Identify what kind of work you want to do. I love the hotel business – food, making menus, everything to do with the business. If you love the business you take up, you will definitely make a success of it.
Learn the business you want to get into for a couple of years. Raising money is not so difficult today. There are VCs, or at least angle investors. There is even lease financing, for example, unlike my time!
Your family life may get affected – for example you can’t take long holidays and when you do take a holiday, phone calls and emails ill follow you.
But if you enjoy your work, you won’t feel it is an intrusion.
When things are tight you monitor every expenses. Only when business is doing well, inefficiencies creep in.
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