It’s always exciting to think about the idea of having your own new start up. You hear about stories where entrepreneurs started with just $300 and a cardboard box and then turned their business into millions. In reality, having worked with many types of business owners, the first mistake made by most is simply not having enough capital or access to capital while growing your business.

One of the best ways to achieve financial success is to become and entrepreneur. There are so many valuable pieces of wisdom to learn as an entrepreneur, but here are the big three traits you must have to truly succeed in your business.

A traditional dessert in America, the cupcake is nothing new, but in recent years it has morphed into a must-have gourmet treat, popularised in part when a heroine on the trend-setting television series Sex and the City ate one in an episode shown in 2000.

This calorie-laden dessert, usually colorfully decorated, has taken the United States by storm through specialised cupcake retail chains, like Magnolia Bakery and Crumbs, and outlets such as chocolate retailer Godiva and the Cinnabon cinnamon bun chain that are cashing in on the boom.