Carol Roth says, “You have to be the right person starting the right business at the right time.”

I phrase it slightly differently stressing that anyone who wants to start a business needs to nail the answers to these three questions: Why you? Why this? Why now?

It’s important to remember not only do you need to consider your professional skills and goals, but also your personal situation, including whether you are in the position to invest your capital and your time.

Starting a business is hard work!

Regarding original business ideas, Carol says that by the time you’ve thought of it, a zillion other people have thought of it, too.

If you are considering starting a business, you’ll definitely want to watch this short interview.