In order to be in business for yourself you have to be passionate about what you do. In the first few years of a new business chances are you are going to be losing money and not making money. If you are losing money how can you continue to put in long hours of work and investment everyday?

The only way you can continue is if you are not in it for the money. I am a stern believer in following your dreams. I like to dream. Its really all we have. Couple those dreams with some actions and you never know what might happen.

Lets take a lot a some rags to riches millionaires.

Catherine L. Hughes Founder and chairperson, Radio One. Advice to young entrepreneurs: “Sometimes the ones who love you the most will give you the worst business advice.”

Bert Jacobs Co-Founder and CEO, Life is good. Advice to young entrepreneurs: “Try to shoot for a timeless business.”

Ali Brown Entrepreneur, business consultant and publisher, AliBrown.com. Advice to young entrepreneurs: “It’s important you seek out other business owners for information, advice, support and resources.”

Jill Blashack Strahan Founder and CEO, Tastefully Simple
Advice to young entrepreneurs: “Having goals is absolutely critical.”

Farrah Gray Founder and CEO, Farrah Gray Publishing
Advice to young entrepreneurs: “Keep your business small . . . niche yourself.”

Jesse Conners CEO and founder, PeppermintPark.com. Advice to young entrepreneurs: “There is constantly some fire that you have to put out . . . Don’t let it discourage you.”

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