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Enterpreneurial Mistakes

Via Rajesh Jain

- Be careful about fixed-bid projects.
- Be careful about using bleeding-edge technologies.
- Small ISVs should do software and stay out of real estate.
- Investors don't like low-margin business models.
- A market with no competition ain't.
- The negative connotations of the word "middleman" are often deserved.
- All contracts must be reviewed by an attorney. No exceptions.
- Cash is supposed to flow from your customers to you, never the other way around.
- Small ISVs should build apps, not platforms.