Running your own business has a tendency to take up your life, so it's vital to assess whether or not your reasons are solid. This guide looks at some of the most common reasons for people to start their own business, the pros and cons of each and the best path forward from each.
IP: intellectual property. Any device, invention or unique concept that can be trademarked, patented or copyrighted. Ideas alone are not enough - you need to have something tangible and new to be able to protect it legally.