The best advice I would offer a young entrepreneur is to work slowly and carefully to develop your business plan and projected income statement. Use all of the resources at your disposal and be sure you understand the financial and emotional risks you take by starting your own business. You must be patient yet optimistic for it to work, and not to mention, capable of successfully running the business you envision.
Have you started a business? If so, what advice would you give potential entrepreneurs who are on the fence?
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