Are you good at managing money?
One of the most important aspects of running a business is understanding how to manage money both for the business and for you personally.
Budgeting for taxes and other expenditures is vital again both professional and personal.
You can have the greatest product but if you run out of money…you will be out of business.
Thom and I also discuss how competition in your market segment is actually a positive sign in most cases.
Your competition verifies there is a need for what you are selling.
I would get more worried if I had NO competition.