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1. Start your business based on something you are already knowledgeable about. It is far easier and much more pleasant to put in the long hours when it is a labor of love. There is also an easier learning curve.

2. Start out small while you are still in a regular job. Depending on your business it might be several months before you are making enough money to live off of comfortably. Not only day to day expenses must be covered, make sure you have a reserve too in case of an interruption due to illness or other problem.

3. Avoid dependency on any one anything. Do not allow your fledgling business to be dependent on any one customer, or supplier, or form of advertising, or even bank - get the picture? You do not want to find your business in financial trouble because of a change in any one factor.

4. Have a business plan. Know what your goals are and the steps needed to reach them. Know what you need in terms of supplies, time and help. You will need help.

5. Share your problems with others. A business mentor or an experienced business friend, to discuss problems with is invaluable. Bouncing those problems around often reveals opportunities and possibilities you would not have thought of yourself.

6. Don’t forget to love your family. They are putting up with your endeavour and possibly suffering too. Spend enough time with them to make sure they know they are still the most important thing to you and their support will continue.

7. Be a female! I’m a male myself but nearly every time I have read of a great success story in the small business magazines recently it was a female entrepreneur in the spotlight! eBay businesses particularly seem to have so many successful females and there are countless work at home moms doing great.

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