Words of Advice If You Are Considering This Career Path
If you are looking to start a company, you have to have a very realistic business plan, particularly in this economy. Gone are the dot-com glory days of free-flowing financing, huge marketing budgets, and expensive office space.
From the very beginning, you have to plan carefully and manage your resources very efficiently. You have to find creative ways to extract the most value from each dollar and individual because it will be a long time before you have all the resources you want or need.
Pay attention to your financial statements and make sure you manage your cash flow. If you aren’t hitting your goals, make adjustments sooner than later—it will almost always take longer to get where you’re going than you originally predicted.