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Question added to topic Startup BasicsFebruary 8, 2010

What should I keep in mind while starting an IT business?

I want to know the main things that entrepreneurs should remember while launching a new business.

1. Be very focused on your customers. Make sure that your company is solving a real problem that customers are willing to pay for.

2. Start small. Don't build up expenses or infrastructure before you need them. Using online services are ideal for startups.

3. Work with people you like. You're going to be spending a lot of (stressful!) time together so it might as well be fun.

Of course there is much more to consider when starting any sort of business--but, in my opinion, these are the top three things to keep in mind.

Steve Adams is vice president of marketing for Protus, a provider of Web-based services for small- to medium-size businesses. He is a seasoned industry speaker having spoken at a variety of telecommunication trade shows and conferences. He is a graduate of the University of Waterloo and the Ivey School of Business.

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