Should I start a business? Asking yourself if you’re ready to start a business may seem like an easy question, but there’s more to starting and running a successful business. Starting your own business could be one of the best decisions you ever make—one that leads to independence, great control over how you work, and possibly big rewards. On the other hand, the risks are high and the challenges could be overwhelming. Greater percentage of new businesses fail. But it’s worth the risk if you are ready and are prepared to launch your idea.

There is no better time than the present to start a business. And it’s never too late to start a business. Intrinsic qualities like drive and energy, low fear of failure and self-confidence are important traits can contribute to your success as an entrepreneur. The infographic below explores what it takes to start a business and some of the most crucial questions you should answer before exploring your entrepreneurial dream.

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Thomas Oppong is the founder @Alltopstartups.