1. Have a plan and know exactly how much it does cost 2. Learn to delegate and choose good people.Look around and think: "who can do better than i can?" then trust and support them. 3. Determination is more important than education.Having a degree is not an essential part of being successful as an entrepreneur 4. Know your core values.Core values are what make you successful in the first place 5. Don't sell your company too quickly, retain ownership if you still can.