That’s true. A lot of entrepreneurs tend to just jump right in. If you can spot a winner a mile away and execute the the idea, it’s pretty easy to create a successful venture.

The next best thing is research, research, research! And if you’re going to put a significant amount of capital into the venture, research is an absolute must.

Thanks. Selling early (selling first, before buying) is one of my business mantras. It’s a really difficult one for most people to grasp because it’s seems illogical to sell something you haven’t purchased or built yet. The most successful people in business sell before they buy every day.

I think G-mail’s by-invitation-only signup was absolute genius. A lot of social networking sites are doing the same thing these days to build the pre-launch buzz.

Ah, the dreaded ‘P’ word. I’ll try to write something about this soon. Procrastination has to be stopped (as ironic as that is)! haha

Thanks for sharing your story. It’s really easy to get distracted by the money you make with a successful startup. I’ve seen a few entrepreneurs start brilliant ventures, and as soon as they make a few bucks their focus is on the money in their pockets instead of the business.

Happens a lot to young entrepreneurs on their first venture.

- Martin Reed