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The truth is, there are many types of businesses that require thousands of dollars to be invested during the startup period. However, there are also many different types of business models that you can run from the comfort of your own home without having to reach too deep into your wallet.

A startup for entrepreneurs is like a baby, and I have five babies so far - experienced father.

If you have a fantastic idea you're really passionate about and are making $100,000 in your job, if you can set aside some of that to invest in servers or contractors or other folks, that's actually the best way to start a business in my opinion.

For those working menial jobs or putting in 100-hour weeks for corporations, the lure of starting your own business can seem like a great way to get more flexibility, upside, and ownership.

There are immense numbers of potential entrepreneurs who can start their own businesses among the people who are working in large organisations.

When most people ask about a business growing, what they really mean is growing revenue, not just growing the number of people using a service. Traditional businesses would view people using your service that you don't make money from as a cost.

There are so many startups out there raising money. I don't think this is a bad thing. It's a good thing. Entrepreneurship is in vogue. Innovators are innovating. Makers are making.

The problem with entrepreneurship is we are often working really hard producing high quality products that no-one wants. The creation of stuff is not valued.

Too many startups get in the habit of continually raising more and more money, which has the deleterious effect of both pushing out profitability and limiting your exit options. The less rounds of capital you need to raise, the more of your company you get to own.