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<blockquote data-quote="Valentine" data-source="post: 949530" data-attributes="member: 4870">A few thoughts:- Read The Lean Startup and learn all about Minimum Viable Products- Don't quit your day job til you've got &gt;1 year savings- Plan how you will automate the business even before you start it. A business you can't automate and sell is a career (not necessarily a bad thing but just know what you're getting into)- Assume that your business idea will fail to be profitable. But it won't matter because you should only pursue business ideas which will give you some form of long term value even if they do fail eg a useful skill like sales, high value contacts, niche market knowledge etc- Bootstrap abroad if your business allows you to be location independent eg many places in SEA are cheap and have fast internet- Read less. Do more. Don't get caught in the trap of thinking you need more knowledge - just try new things and see what sticks.</blockquote>

[QUOTE="Valentine, post: 949530, member: 4870"] A few thoughts: - Read The Lean Startup and learn all about Minimum Viable Products - Don't quit your day job til you've got >1 year savings - Plan how you will automate the business even before you start it. A business you can't automate and sell is a career (not necessarily a bad thing but just know what you're getting into) - Assume that your business idea will fail to be profitable. But it won't matter because you should only pursue business ideas which will give you some form of long term value even if they do fail eg a useful skill like sales, high value contacts, niche market knowledge etc - Bootstrap abroad if your business allows you to be location independent eg many places in SEA are cheap and have fast internet - Read less. Do more. Don't get caught in the trap of thinking you need more knowledge - just try new things and see what sticks. [/QUOTE]

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