It is April 1992 and Disney is opening their second theme park outside the United States in Paris, after twenty years of running other theme parks. Despite their experience and the meticulous planning that went into this $5b project, the park will have racked up losses of more than $1 billion by 1994. How could things go so wrong?

Successful ventures will need an exceptional management team.  But your startup has a young team without a lot of experience or a track record that will impress people.  What can you do? Create an "Emeritus Board" of advisors.  Ask some of the best and brightest people in your field to join an advisory board for your company.

Good entrepreneurs begin by listening, hearing something that is growing or that needs a solution...  You need to hear the bell first. Many people think that entrepreneurship starts with creativity, with dreaming up an idea.  But it doesn't.  Creativity comes after you hear the bell, in responding to that call.  First the work of the ear, then the hands....

Many entrepreneurs think a good idea will ensure success.  Then they present their idea to an investor and get the response below.