1. Do not be too in a hurry. It's better to build slowly, but surely. Haste often leads to waste. 2. Allow yourself to make mistakes early while your business is still small. Why? Because you won't be able to afford the same mistakes on a bigger scale. 3. Be conservative. Compute your costings with extra care. 'Shortcomings' will come from shortcuts. 4. As you grow your business, grow your leadership and management competence.5. The life of an entrepreneur is exciting, until you hit the first dead end....