A business can be started with very little money.

Fun is one of the most important - and underrated - ingredients in any successful venture. If you're not having fun, then it's probably time to call it quits and try something else.

When you are starting a business or going down any challenging endeavor, you are bound to encounter challenges. You are going to hit many roadblocks and obstacles. These are obstacles that would make any sane person want to throw in the towel and quit. If you want your business to succeed, you can’t do that (duh).

When employees tell you about their good ideas for the business, don't limit your response to asking questions, taking notes and following up. If you can, ask those people to lead their projects and take responsibility for them. From those experiences, they will then have built the confidence to take on more and you can take a further step back.

People have to decide on priorities if they want to get anywhere. The best lessons I learned was to just do it.

A good leader leads from the front. Don't get stuck in the office. Get out, meet people and listen to their stories.

For a successful entrepreneur it can mean extreme wealth. But with extreme wealth comes extreme responsibility.