Most people think it's all about the idea. It's not. EVERYONE has ideas. The hard part is doing the homework to know if the idea could work in an industry, then doing the preparation to be able to execute on the idea.

Because if you're prepared and you know what it takes, it's not a risk. You just have to figure out how to get there. There is always a way to get there.

It takes a lot of things to work together in order to be wealthy but with a little luck, a lot of luck... You've got to be good at something. For a 20-year-old, you don't have to know exactly what you want to do, you've just got to go find something you can be great at, and then go be great at it.

If you think back to the first sporting event you went to, you don't remember the score, you don't remember a home run, you don't remember a dunk. You remember who you were with. Were you with your mom, your dad, your brother, on a date?

Sales Cure All. Know how your company will make money and how you will actually make sales.

It doesn't matter how many times you fail. It doesn't matter how many times you almost get it right. No-one is going to know or care about your failures, and neither should you. All you have to do is learn from them and those around you. All that matters in business is that you get it right once. Then everyone can tell you how lucky you are.

One of the biggest mistakes entrepreneurs make is that we lie to ourselves. We don't step back and look at ourselves like a competitor would.