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- Invest your own money into the business, which will make you more focused and determined to succeed.
- Manage cash flow positions carefully; do not overestimate revenues and underestimate expenses.
- Do not over-leverage business operations or overestimate revenue and underestimate expenses.
- Have passion and 100% commitment, but ensure you have the emotional fortitude to ride it out.
- Draw upon your own professional experience and leverage your professional/personal relationships.
- Set goals for personal productivity, and announce these goals to your employees.
- Hold yourself and your employees accountable.
- Develop a strong business plan; it will provide you with a strong game strategy to help ensure success.