1. Save up as much money as possible before starting
2. Start on a shoestring
3. Protect your personal assets
4. Understand how - and if - you will make a profit
5. Make a business plan, no matter how short
6. Get and keep a competitive edge
7. Put all agreements in writing
8. Hire and keep good people
9. Pay attention to the legal status of your workers
10. Pay your bills early and your taxes on time
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