Your level of success is directly proportional to the commitment you make to your business, say Weiss and Lang. Due to financial constraints, entrepreneurs often have no choice but to start on a part-time basis. The partners urge entrepreneurs to make a full-time commitment to their new businesses. Jump on opportunities. Luck plays a part in any new business, but timing is also important, according to Net Tango's founders.
Timing is part instinct, part intuition and part intelligent market judgment.
Weiss and Lang jumped on the Internet when interest in e-commerce was just taking off. If we were to start out today, I doubt we would be as successful. Assess your skills. Start-up entrepreneurs have to hit the ground running, so your skills must be razor sharp before you start. Once you feel you have all the skills required to execute a successful launch, update your skills every six to 12 months to stay current.