Here are six bits of advice from my experience which I hope you will find useful.
1. If you have got a good idea for a business, then do something. A good idea is only a good idea if it leads on to something, and it is up to you to take the first step. The Chinese philosopher Lao Tzu, who was the father of Taoism some 2,500 years ago, said that, “A journey of 1,000 miles begins with a single step”. Take that first step, and you’re on your way. The next steps will become apparent, and you will learn from experience as you go along. Fail to take that first step, and nothing will happen.
2. You can learn from failure as much as you can learn from success. So if things go wrong, sit back and think why. What could you ...