[header] How to become a successful young entrepreneur [title] Take a personal inventory. [step] Before becoming an entrepreneur, you'll have to determine whether you have what it takes to succeed. Take a realistic view of your strengths and weaknesses. 
Specifically, look at areas of capability (knowledge and experience), aptitude (skills and likes), and personality (persistence, resilience). Do you have the knowledge and experience required to succeed within your chosen industry? Can you deal with failure and hardships along your path to success? Finally, assess whether or not you have the financial standing required to start a business.