If you can run one business well, you can run any business well.
The way you treat your employees is the way they will treat your customers
I'm not the sort of person who fears failure.
Whether your sport of choice is running, cycling, kite surfing, etc. start moving and stay moving! It will give you energy and help you stay young.
Can you afford to ignore China? It's like saying you can afford to ignore the internet. I don't think so.
When we start a new venture, we base it on hard research and analysis. Typically, we review the industry and put ourselves in our customer's shoes to see what we could do better.