Article Source: http://EzineArticles.com/181108
#1 Never Take Shortcuts!
The market is unforgiving. You only get one shot at making a GREAT First Impression! Do everything in a first class way.
#2 Never Offer an Opportunity for Consideration Without All of the Facts!
Until you have fully researched the market, pricing, demographics, etc. never attempt to take your project to decision-makers.
#3 Bootstrapping is always a Great Option!
The ability to pre-sell, minimize cash needs and prove the viability of your project can be handled by bootstrapping yourself. You keep the equity!
#4 Know Your Cost of Goods to the Penny!
The lowest possible cost of goods, with the highest possible quality features, is essential in creating realistic sales models.
#5 Your Opportunity Must have a Definable Unique Selling Proposition!
The Unique Selling Proposition defines your products niche in the marketplace. This establishes the level of risk you face.
#6 Innovate, Innovate, Innovate!
The market rewards products with creative, innovative new features and benefits. Think weird and outside the box.
#7 Address Opportunities From Your Life's Experience!
Most successful ideas germinate from your job, hobby, lifestyle or educational experience. Keep looking around yourself!
# 8 Help Is Available for the Inexperienced!
There are many places an inexperienced inventor or entrepreneur can get guidance. Do not let fear of sales or marketing kill your great idea.
# 9 Customize Exciting Business Plans
Do not waste your time mailing poorly written fill in the blank, inter-net business plan templates. They will not be read.
#10 Never, Never Give Up!
The ability to understand, not like, but understand, the word no is crucial to becoming a successful entrepreneur. You will hear a lot more NO than Yes.
#1 Never Take Shortcuts!
The market is unforgiving. You only get one shot at making a GREAT First Impression! Do everything in a first class way.
#2 Never Offer an Opportunity for Consideration Without All of the Facts!
Until you have fully researched the market, pricing, demographics, etc. never attempt to take your project to decision-makers.
#3 Bootstrapping is always a Great Option!
The ability to pre-sell, minimize cash needs and prove the viability of your project can be handled by bootstrapping yourself. You keep the equity!
#4 Know Your Cost of Goods to the Penny!
The lowest possible cost of goods, with the highest possible quality features, is essential in creating realistic sales models.
#5 Your Opportunity Must have a Definable Unique Selling Proposition!
The Unique Selling Proposition defines your products niche in the marketplace. This establishes the level of risk you face.
#6 Innovate, Innovate, Innovate!
The market rewards products with creative, innovative new features and benefits. Think weird and outside the box.
#7 Address Opportunities From Your Life's Experience!
Most successful ideas germinate from your job, hobby, lifestyle or educational experience. Keep looking around yourself!
# 8 Help Is Available for the Inexperienced!
There are many places an inexperienced inventor or entrepreneur can get guidance. Do not let fear of sales or marketing kill your great idea.
# 9 Customize Exciting Business Plans
Do not waste your time mailing poorly written fill in the blank, inter-net business plan templates. They will not be read.
#10 Never, Never Give Up!
The ability to understand, not like, but understand, the word no is crucial to becoming a successful entrepreneur. You will hear a lot more NO than Yes.
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