Be aware of where your interest lies. Thoroughly introspect and understand the type of work that could get you rewards for your business. It may happen that the things that you love to do others may not be like. It may happen that you want to start with a restaurant but your best friend may want you to do open up a recording studio. So what will you do? You should work with those things which you like and have an in depth knowledge.
If you want to earn profits from your business, you have to treat it in that way, not like a hobby or a part time job.
Look after the infrastructure especially your office.
Do not make it a temporary shelter or a closet.
Whatever work you do, you need computers for that. Therefore, it is always advisable to invest in computers, a phone line and a fax machine.
Develop a sound marketing plan with marketing strategies.
Advertise your products and services so that it reaches out to a wider audience and especially to target customers.
Create a strong customer base, and Plan for the future.
If you have expertise in your field, every one will listen to you. You will be recognized as expert and this will not only boost your sales but also your level of confidence.
Always think about the growth of your business and do not get distracted. Make decisions based on reliable information, and always stand by your decisions.
Any business presents unexpected challenges, losses or failure, but this should not make you reckless. Otherwise, you may land up in serious trouble. Treat unexpected losses as an integral part of business. Remain calm and be careful. Analyze your present situation and think over the measures you can take to minimize unexpected challenges or failures. It may happen that a little twist is required to continue the flow rather than making a total change.
It is said that �if you don't ask you don't get it�. If you get an opportunity to rise and earn profit, do not let it go. What if it does not come again? Everyone else may be running, but you never know that opportunity may be lying here and there you need to search for it and show the world the potential within you.
Lastly, always remember that you learn during your journey to your destination because you acquire experience not explained in any books.