[sachingulaya]

1. Don't over-estimate your ability to manage idiots--especially lazy idiots. They don't want to be managed or to improve. 2. Don't loan money to a business partner. 3. You are wrong about many things. Most importantly, you are wrong about how much people value quality vs. price. Your customer is the shopkeep--not the end user. 4. Don't hire inexperienced people. 5. Be more judicious in deciding if something is worth getting upset over. 6. Being a perfectionist will cripple your profits. Just get it done. 7. Be calculated in every decision you make. That's the only way to make money. 8. Focus on consumable goods. Sell razor blades, not razors.