I've come to learn that my initial investment is more about the person versus the product that I am buying into. I've also learned that I really do enjoy giving worthy people an opportunity of a lifetime.

A savvy entrepreneur will not always look for investment money, first.

I think it's only failure if you put the word failure on it. I think it's part of the process of learning where you're going to go and what doesn't work.

It will never be a perfect time, you can only make time perfect.

Poor people put a low value on themselves and their efforts.

Try to make all the mistakes with your own money and on a small level so that when you are responsible for a partner's money or assets you've learned and you don't make bigger mistakes. Try to go as far as you can without anybody else's help first.

If you can't come clean and tell investors how and why you failed, that raises a red flag. They need to see that you learned from it and came back stronger.