Other important factors include good business sense, industry knowledge, organisation and management capabilites, marketing skills, good customer relations and vision. Planning and preparation are key!
I was recently contacted by Allison Morris, who sent me the graphic of statistics about starting up a business (see below).
I am still in the very early stages of establishing my 'name' and my business and My Virtual Assistant has been in operation for over three years now... so I've still got another two years to go, at least!
Take a look at the graphic below and feel free to email Allison if you would like to provide her with any feedback...