Karl Treier: 20 Tips When Starting a Busines

• Be very clear why you are doing it
• Don't judge by appearance
• Once you decide to start a business, go for it.
• Lead, Manage, Inspire, Make it happen
• Don't be afraid to seek advice
• Trust but verify
• Be very careful about hiring friends
• Retain your competency
• Keep cash close
• Buy second hand stuff
• Use free software
• If you decide to take investment, it'll cost you an arm and leg
• Don't be overly optimistic about your financial projection
• Sometimes you might fail for reasons you cannot predict
• Keep striving for the goal
• Negotiate with customer: Show me the money
• Bad things happen, Don't Panic!
• Give back to the community
• Don't procrastinate, just do it