If you are more enamored with the fantasy of entrepreneurship than with actually running a small business, you could be one of those many entrepreneurs who find themselves working longer hours for the same or less pay — with more stress than they did when they had a job.
Or maybe you find that you wanted to be your own boss, but really the needs of everyone else — from your customers, to your employees, to your landlord and/or vendors — have to come before yours, and you aren't the boss you expected.
Starting a business is fun, but running it and doing the basic business "blocking and tackling" every single day is what makes it successful (not the "great idea"). Much in the way that planning a wedding is fun, but it's not a good precursor to a successful marriage — working on it every day is what makes it work.
Take time to educate yourself. I once sent a financial services executive who wanted to open a restaurant, but knew nothing of the industry, to work in one. That lasted all of two weeks before she decided that the industry left a bad taste in her mouth, so to speak.
Businesses succeed when an entrepreneur finds a problem that needs to be solved, they are the "right" person to solve it and it's the right time for them to do so. Any missing component may make you one of those majority failure statistics.
Carol Roth is a "recovering" investment banker, entrepreneur, investor, speaker, small-business advocate and author of The New York Times bestselling book "The Entrepreneur Equation."