Starting your own firm will not be easy. So keep these considerations in mind before you make the leap. : The decision to embark on an entrepreneurial journey, especially in the hyper-competitive investment management industry, can be an overwhelming one. It is almost impossible to make all the right choices when starting your own investment management firm. But while such perfection is something we should strive for, we need to recognize that we may never truly achieve it. Smart people learn from their mistakes.