Here is another valuable Management Tip of the Day from Harvard Business Review. To sign up for a free subscription, to any/all HBR newsletters, please click here.

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It takes a lot of bravery to open up your own shop or finally pursue your big idea.

The risks of entrepreneurship are many, but for those who are successful, the benefits are plentiful. Here are three questions to ask yourself before striking out on your own:

Do you have an idea? It can’t just be any idea. It has to be something you feel deeply passionate about and no one can talk you out of (because they will try).

Do you have a trusted partner? Starting a business can be lonely. Doing it with someone else, especially if she has complementary skills, can make the road smoother and more fun.

Do you do best without structure? For many, this is the biggest challenge. If you thrive when there is no clear path and lots of uncertainty, it may be time to foster your inner entrepreneur.

Today’s Management Tip was adapted from “Should I Become an Entrepreneur?” by Jeffrey Bussgang.

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