2. Work hard
If you are not willing to work hard, overtime, forget personal gain and health, then entrepreneurship is not for you. At first, you definitely will not be able to pay employees, even if the employees are cheap. So, your employees are your own.
3. Use the latest technology
New technologies such as software and data storage with small companies are able to compete with large companies. Take advantage of low cost technologies on the market.
5. Realistic
When creating a business model, look around and look for a successful example of the business model you want, then learn. If you can not find, whether you are an incredible genius, or your business model will not work in the real world.
These are the best pointers to consider in starting up a business. I believe that these 3 are the most important and basic step to consider if you will start up a business of your own. Being realistic always creates a real profit over a profitable plan, it makes sense anyway. Would like to try those in starting up a business by the way and see how it will help me in creating a success.