Starting a business using someone else’s money mitigates risk for the entrepreneur, but I believe it increases the likelihood of failure for most businesses. When you take on an investment, you mitigate your personal risk because you’re playing the game with investors’ money. You’ll have to sacrifice your personal life and many of your friends and family members won’t understand why you are working seven days a week. You Don’t Have To Jump In Head FirstOne of the biggest mistakes you can make is starting your business before you are ready. So you need to be prepared for failure, setbacks and personal sacrifice.

Source: Forbes March 12, 2018 12:56 UTC