Before you go rushing into the world dreaming of starting a multi-million dollar company, there are some key points that one must know to start a succesful and scalable business.
Remember that it is okay to fail, FAIL FAST, LEARN QUICK is a fundamental idea. It is okay to fail as long as you move on and learn from them. Take the Germans for example. They lost the war and they looked into why they lost and how they can improve themselves. They came up with better teamwork and now Germany is the center of innovation with all the luxury cars and such.
Speaking of teamwork, it is another key point in starting a successful business.
The team is everything! There is no one that can do everything and anything by themselves. You must surround yourself with influencial people that meets your needs. They are the people that will help your business get off the ground. However, a team cannot function to its full potential if the team has bad attitude. ATTITUDE is KEY. Good attitude goes a long way. Furthermore in a team there should be no titles. A system of hiearchy does not provide an efficient method of work. When the "big boss" comes down to work with the "serf" miracels happen. This happened during WWII with the allies. The managers worked with the workers to find a solution to making more airplanes. The result was a mass production of airplanes overnight.
In conclusion, remember failing is okay, and teamwork and attitude goes a long way in your businuess.
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