Research target audience, competition, and market demand before launching a product/service.
Prioritize resources on core competencies and outsource non-core activities.
Track cash flow, revenue, expenses, and plan with projections and contingencies.
Develop a plan and allocate resources for advertising, branding, and customer acqu.
Be open to feedback, embrace new tech and trends, and be willing to pivot.
Hire the right people, establish strong culture, and communicate effectively.
Invest in infrastructure, and avoid taking on too much debt or overextending assets.