3 FEB 2022 · If you’ve had a really good idea for a business, there’s a good chance someone’s already thought of it. This shouldn’t discourage you, because thinking of something doesn’t make it a reality, and businesses need to have competition. Regardless of what it is, risks need to be considered, and we need to plan for risks when starting a business. Starting a successful business takes a lot of time, effort, dedication and persistence.