It is only painful because the inventing entrepreneur thinks the invention is the be all, end all. The best technology accepts that it will have flaws and take time to penetrate the market.

In order to get funding, you need much more than a revenue stream. You need to show the investors that you have carefully built your business to withstand any challenges that face you. Sales is important, but if you are surrounded with the wrong people then you won't go anywhere.

Social media marketing and being so close to everyone during the day because of the internet makes it really easy to stay connected and feel local.

You might these surprising. Motivation is a tricky issue.

If you see these, it means it might be time to change something. Do the right thing and find someone to replace you.

Now that we have experienced the downside of business over the past few years and have come back from it, it is time to understand that even though we were forced to innovated and adapt to the changing market, we now have to continue these practices in order to keep succeeding.

Consumers have been changed forever and now we need to respect that and change our mindsets.

These are very creative ways to fund a business. Angel investments and venture capital is not always the best way to go because it is hard to get funding here. However, a little creativity can go a long way.

Long term planning is important and I bet most people do not take this into account when they go through their startup phase.

Time management and personal discipline are some of the best traits entrepreneurs can have. Being able to control yourself and work diligently and prudently are important for business leaders to execute.

Great points to discuss here. Why not hire someone who is entrepreneurial minded who will take accountability for making sure something happens the way it is supposed to?

I think hiring the right people is the best way to help a business succeed.