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 { from my answer in linkedin.com)
1. Understand the Market and Potential before you commit investment.

2. Don't drown yourself in 'Overheads'.

3. The business should focus on a product or service with high value addition, low selling cost.

4. Estimate when your business will start paying back, and create adequate sustainance
capability accordingly.

5. Never say "I don͛t have time"{ you can't afford to. Which means of course that you will work
more with a plan and less by 'trial and error'.

6. Enjoy the adventure, don't ever give in to self-pity, strengthen your staying power, and keep
improving...all the time.

7. Build a Team that understands where you are heading, and will push along with you when
the engine splutters sometime...

8. Always be people friendly...on all sides of the business.

9. Build a Brand from the beginning...the greater value is in the Brand....the Brand will reward
you.

Raju Swamy
Principal Consultant
& Advisor to Entrepreneurs & Family Business
PROMAG Consultancy Services
Apt. 206 Brigade Rathna
42 Ranga Rao Road
Shankarapuram
Bangalore - 560004 INDIA
Tel. +91-80-26676298/ Cell{ 9845271498
Email{ rajupromag@hotmail.com

J