Furthermore, no one respects someone who doesn't have an office they can visit and speak to the person directly. you might have an online product but they are some customers that love the interaction of one-on-one conversation. Also, you might find that major client that is willing to spend a couple thousands with your business and wants to sit down with you, where would you rather meet this person? In your office or at Starbucks?
2) Learn Project Management
Being unorganized is the death of any business, you have to keep your business organized to better forecast where your business needs to be and what steps you need to take to get there.
They are many free and "freemium" online project management services, the leading one being ManyMoons. I can not stress how important project management is to the success of your company, it is the action part of your business plan and will let you feel less stressed as you see that you are making progress as you move towards business success.
One of the keys to project management is that you are at the tip of your company, you know exactly what is going on and what should be happening. You might just find someone willing to invest in your company and it will be impressive to show them you have actual documentation of where the company is headed.
3) You Are Not a God so Don't do it Alone
One of the biggest mistakes you can ever make is believing that you can make it own your own. YOU NEED PEOPLE; who else is going to give you the millions of dollars that you desire. Your job is to ensure that you find the best people that you need to help grow your business.
No I won't make a sales pitch about Expertz on Demand.com on this point because it should be obvious by now that we provide entrepreneurs and companies with the most talented people on the planet so let me not go there. However, it is essential that you "duplicate yourself" as an entrepreneur and pass your vision, energy and passion on to other people that can help you get the job done that you can not.
Do not be another entrepreneur that thinks they can do everything in the company by themselves, usually people like that end up frustrated, broke and the reason why many people never want to risk becoming an entrepreneur.
4) Never Rush into Angel Investors or Venture Capitalists
Do yourself a great favor and bootstrap (Be super cheap using open source and friends love) to grow your company and make a profit before you even start thinking about finding investors for your projects.
Sorry to say the media has glamorized the idea of some fat pockets individuals just throwing money behind an idea and puff over night the company is a success. This is a lie that you need to remove from your head and know the reality that most Venture Capitalist are businesses themselves seeking to make a profit.
Angel investors and venture capitalists are in it for the money and if you can show that you know how to build a company and make it profitable then idea of investing a couple of millions becomes a game of if they like you or not, however your company is profitable so you have the confidence that you really do not need them and if they want a piece of your business they have to pay top dollar.
5) Learn from Other People's Mistake, You Don't Have Time Enough to Make Them Yourself
It is stupid to be stubborn and believe that you have to make your own mistakes to learn. Sure there is an emotional high you get when you overcome a problem, but why go through the stress when someone else already did?
The key to this point is study your industry. Read blogs, white papers, industry reports, turn your TV only on to CNBC. You do not have the time to make mistakes and even if you do you secretly hide them and move on.
Mistakes will happen, that's just life, however it should not be your goal to run head on into a problem.
