I am often asked what one piece of advice I would give to someone who is thinking about starting their own business. I answered this question recently in the following short video http://www.youtube.com/watch?v=WMiQ6klGBLI
One of the criticisms of self-funded entrepreneurs is that we don’t think big enough. It’s not that we don’t think big, it’s just that we start small and build on our success.
Part of the self-funded entrepreneur’s philosophy is that it’s good to take a long-term view of business. There’s no need to hit monthly or quarterly forecasts. This is certainly not true of a public company.
So don’t be afraid to start small and build on your success. It will help build the foundation of a strong, sustainable company