If you look to the right and open the category list, you'd notice that Jay has really hit the entrepreneur topic a lot. Nevertheless, I cannot ignore a recent post by someone that I really admire.
Dane Carlson (who we actually mentioned in our Ways to Make Money Online post) compiled a list of 20 things that new business owners absolutely must consider as they begin their quest. As you read the list, you may disagree with certain points but remember this is for a totally new business and that the advice may not apply once you grow and have more flexibility. In my opinion, the value is in advising the starter as opposed to telling you how to manage an already established business.
"Don’t tell all of your friends about the business that you’re going to start someday soon. Every minute that you spend telling someone you love about your future business is one less minute you have to either try to find someone to buy your product/service or to refine it. Plus, everyone knows an “entrepreneur” that is all talk and no action: don’t be one yourself."If you are contemplating a business opportunity or if you just started, this is a good list to read before you begin wasting time and money. The only item I could see altering is #10 (which pertains to patents). You always have provisional patents as an alternative.
Read the list at 20 Things Not to Do Before Starting A Business by Business Opportunities Weblog.
