Is your drive strong enough? Running a business can wear you down emotionally. Some business owners burn out quickly from having to carry all responsibility for success of their business on their own shoulders. Strong motivation will help you survive slowdowns and periods of burnout.

How will business affect your family? The first few years of business start-up can be hard on family life. It's important for family members to know what to expect and for you to be able to trust that they will support you during this time. There also may be financial difficulties until business becomes profitable, which could take months or years. You may have to adjust to a lower standard of living or put family assets at risk in short-term.

Studies have shown that entrepreneurs are persevering and not easily defeated. They thrive in a challenging environment and have a tremendous need to be in control. They turn diversity into opportunity. They are risk takers. They welcome responsibility, and they are willing and able to make decisions.

Moreover, successful entrepreneurs are patient and able to wait out sometimes slow beginnings of a business. They also are able to learn from their mistakes, trust their own judgment and have an optimistic outlook.

It's obvious: you have to love your work. And if you choose a business that blends with your personality, those extra hours you will have to work won't seem so bad. The key is to identify what you enjoy doing most and then find a business opportunity that makes use of your skills and interests.

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The APR (Annual Percentage Rate) is a method of providing a true comparison between different personal loan interest rates. It shows true interest rate of personal loan you are being offered.

The lower APR on a loan better because it means you have less interest to repay - so loan is cheaper. Interest rates vary. And, it's worth bearing in mind that some lenders are only interested in lending to people whom they regard as a 'low risk'. These people may secure lower interest rates.

Lenders vary in their approach, they'll want to ask personal questions about your finances and your future plans before making up their mind on whether to lend and at what interest rate.

If you cannot pay back loan for whatever reason, talk to your lender at earliest opportunity. They'll want to consider carefully your individual situation. If they reasonably believe your financial situation may improve, they may be prepared to suspend loan repayments for a while or extend term of loan. In final instance, they can insist on debt being repaid.

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