Hundreds of thousands of new business ventures are launched every year in the US, and a large percentage of them fail within a few years. What's different about the entrepreneurs who make it? Are the critical factors to entrepreneurial success intrinsic, or can they be taught? How can entrepreneurs balance passion for their idea with smart risk management?

On this episode of The Big Question, Hal Weitzman talks with a panel of entrepreneurship experts, including Chicago Booth's Lindsey Lyman, Sterling Partners' Sean Bisceglia, and ZipFit Denim's Liz Tilatti, to understand what successful entrepreneurs have in common, and what all entrepreneurs should know before launching their first start-ups.

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