Many people dream of becoming an entrepreneur. The title is immediately associated with success. Starting a small business involves a lot of hard work and also requires the proper knowledge of how to manage it all. Although it sounds out of reach, any person who starts a business and assumes some or all of the risk of that business is an entrepreneur.

No formula for success exists; every situation is different and requires a unique approach. Having a big degree in respective field is one thing, but does it really qualify you to be a business owner? More than likely it does not. There are many other things you’ll need to know before venturing into the business; it’s not something that you can just jump into.

Unfortunately, not everyone is successful. Starting out on your own can be stressful and you might sometimes feel hopeless, but don’t give up. While entrepreneurship requires an above-average drive for success, plenty of people out there have tried and failed to start a business.

You cannot jump into entrepreneurship and naively expect to rake in loads of cash. This is not to say that you have no chance of success. If you want to start a business, the following infographic by xlntelecom.co.uk could be of great help to you which displays some of the key points to consider when setting up a business, as well as looking at vital character traits that might make you the perfect person to build a successful company from the ground, up.

This infographic specifically designed for UK but it can easily applicable for any other country as well.