Many people dream of starting their own business and becoming financially independent. Many more have a great idea that could become profitable. However, none of this is enough to actually create a successful company. That can be done only if you have detailed and comprehensive plans and a deep understanding of what your customers need.

When you start a company, you also create the infrastructure needed to run it. That's why this initial phase of setting up a business is crucial and needs to be done with a long-term vision in mind.

There are many professionals out there who are very successful at what they do, yet they have never become entrepreneurs. Why is that?

There are a few reasons for that. Some people simply don't think they are cut out for being responsible for everything and being on their own in most cases. Some are so immersed in their careers that they don't want to change the direction they're going. And there are those who don't want to spend less time with their families, which is what they believe will happen if they start their own business.

However, the largest number of successful professionals don't start their own business for one reason: money. They are afraid of two things mainly. Firstly, they think they won't have enough money to invest in the start-up and the development of their business. Secondly, they are too afraid of the risk of investing a lot of their hard-earned money into something that could fall through.