Here are my tips for building a thriving and enduring business. To be a success, you must be passionate about your work. Half-hearted enthusiasm will not sustain you during the many challenges that will lie ahead. Your passion must translate into a labor of love. For your developing business to succeed, you must focus all your energies and attention on your company, and accept the demands and sacrifices it will place on your personal life.
Success is never an overnight proposition.
Problem solving requires careful analysis. Understand however, that once you solve one problem, other obstacles will inevitably arise. You must be prepared to cope with business problems in a calm and analytical way, and be able to take care of multiple details. Carefully study your business prospects, including sources of financing, and other ways of financially sustaining your company until it shows a profit. Develop best and worst case scenarios to guide you through the first few years so unexpected setbacks won't weaken your company.