Know your talents—and your limits.
Recognizing what you're good at is key to being a good business owner. Julie Clark was great with the video production, but she turned the financial duties over to her husband. A lot of people try to do too much themselves. One important thing is to recognize what you can't do, and then get someone else to do it for you. Take this advice in stride, though—remember that the more employees you have to pay, the less money you'll have coming in. When Julie sold The Baby Einstein Company, she only had five employees on the payroll.
Now, it's time to find your funding.