To be successful at business there are many things that you must know, and you must wear many hats. Running a business requires a lot of time, effort, and planning. Most new businesses are expected to see a loss for the first few years, and that means that the business owner may not receive any pay at all during this period. Some people have a knack for business while others have no talent for this area, and it is important to know which you are before you try to open a business if you want to succeed.