"Don't Get Ahead Of Your Skies" The Podcast For Entrepreneurs w/ Dave Combs

Don't get ahead of your skis. Don't think your idea is so great that you're going to bet the farm on it. First of all, you need to make sure that your business model is solid and the best way to do that is to try it out in a small scale. You find a small venue like a restaurant or any kind of a franchise, you build one and make sure that it works, and I don't mean just hope it works. Run the numbers like I did with that first gift shop. I knew how much my CD's cost, I knew how many I sold and how much I sold them for and I knew what my net profit was. Bingo it's hard numbers you can't argue with them. So make your model, make sure it works, and once you've got a working model then you can go as hard as you can run with it.