This is a vital 'reality check' while managing your own business. There are times when you can get easily carried away or swayed into making impulsive decisions. It's time then to step back and re-evaluate the situation from a more objective point of view.

The pleasant part is that you have to convince just yourself, and not some senior like at your previous workplace.

This can prove to be a huge fillip to your firm, if you can aptly judge your capabilities before taking on responsibilities.

Unlike a job, you get to decide when to take on more work, and when not to. You set the pace of the business, and that is governed by your efficiency and ability to take risks. No time is wasted in seeking approvals from people higher up the ladder, because the ladder quite simply ends at you!