Do's
Learn your intended business by working for someone else in the same business first. Test market your product or service before starting or expanding. Say for example your starting a software company, since the product and service in the market has already been developed it would be wise for us to chose up another product or service type.Talk to lots of people in your intended business for advice. This might help you get an idea about how to bring about the business in a flawless and neat manner.
Dont's
Do not think about leaving your job before you have completed start-up plans. Once you have completely designed your new business, you may leave the old job. Select a business in which you must have the lowest price to succeed. Never ever chose a field which you dont like. Chose a field in which you are interested and keen to learn about. This in turn helps in developing your company. Ignore the negative aspects of an intended business. Hurry to select a business. There is no penalty for missed opportunities. Sometimes you must be quick in selecting your domain as many others like you will want make money through the opportunities available for them.
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