6. You must always be on guard about avoiding "group think". It's so easy to get caught up in talking about and doing the exact same failing approach as so many others. Other parts of the country won't afford you the luxury of developing another facebook app or firefox plugin. You'll need a better business plan and maybe even some customers and revenue.

You don't want to be a frog boiled alive because you never noticed that the water was getting hotter while you plugged away without any sanity checks.