Expertz on Demand.com

I'm sure everyone by now have heard the success stories of Mike Bloomberg, Tom Anderson, Mark Zuckerberg, Jeff Bezos and many other entrepreneurs that made billions by starting their own companies and in some ways you feel you can do the same. However, before you make the big jump or if you already have here are some tips and mistakes you should avoid.

1) Never Work from Home

Yes Microsoft started in a garage, Myspace and Dell from dorm rooms however, it is a known fact that your productivity levels increase as much as 70% when you are in a working environment, especially one that is fast paced and the people you are working with or around are smart and talented.

They are other cheap alternatives to spending thousands of dollars on office space if you don't have the cash. Programs such as business incubators, coworking, sharing office space or bartering (trading services) for office space can be a great way to start.

These alternatives are usually great to start off with and can easily be found doing a Google/Bing search. For business incubators visit NBIA.org or check out the popular Y-Combinator.