Business Tip: People miss out on reaching their full potential because they never start. They are busy planning and waiting for the best time to start, instead.

Business Tip: Protect and defend your intellectual property. Research the difference between a copyright, trademark, trade secret and patent.

Business Tip: Trust your gut. This phrase is often repeated but rarely understood. It means that your instincts are an extremely valuable decision-making tool.

Business Tip: Know when and when not to be transparent to your employees. Transparency is as detrimental at some times as it is beneficial at others.

Business Tip: Always make sure there is and will be enough cash in the bank. The most common business failure is running out of cash.

Business Tip: Start now. There are many factors that go into becoming a success in business, but the one factor that is required is taking immediate action.

Business Tip: Find the intersection between what people are willing to pay for, and what product you can offer that is aligned with your strengths and goals.

Business Tip: A good idea is not enough. Businesses aren’t just about ideas; businesses are about execution.

Business Tip: Don’t spend money until you have the money to spend.

Business Tip: Get all of your partnerships and investment deals in writing. You may be on good terms with them now, but things may change over time.