11/08/2011 02:41 pm ET | Updated Jan 08, 2012

Are You Ready To Commit To Entrepreneurship?

I often get asked what the hardest part of being an entrepreneur is. While there are many challenges that come along with being an entrepreneur, from my experience as founder of the kids yoga company, My First Yoga, I believe that the single hardest part is just getting started. Not the prep time spent dreaming, researching and forecasting, but the exact moment where you commit to being all in. Maybe the moment involves leaving a job or signing a lease, it's different for everybody. But the moment of commitment always includes taking on significant personal and professional risk.

So how do you know if you're ready to commit and get started? There is no scientific equation to determine one's entrepreneurial readiness, but I have found that those who are able to successfully answer the following three questions tend to be most ready:

Am I cut out to be an entrepreneur?
What type of business should I start?
How do I know if people need what my business is offering?

If you're thinking about starting a business, here are three tips to consider while preparing to answer these telling questions:

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