Now that you have considered becoming your own boss and controlling your destiny, you need to realise that starting a business requires hard work and unrelenting motivation. So, before you dive into this life-changing decision, here are 5 must haves that tell you if you have what it takes to be your own boss:

1) The ability to work irregular, long hours and weekends.

2) Enough capital to support you and your business through start-up.

3) Passion about the business you are thinking of starting.

4) Outside support from an adviser or mentor with business experience.

5) Understanding of your market and the sales potential of your business.