Build something people need and love. People will talk about it.
Release, release and release. Release it before you think it’s ready, you’re wrong, you don’t need that feature.
Your app will probably fail, most of them do.
Be ballsy, don’t follow the herd, make a courageous moves.
Build something you want to use. Continue to use it, feel the user’s pain.
Google AdSense isn’t a revenue model.
Find the cheapest, fastest way to 500 paid users. People will pay for your app, if it’s good.
Design is an iterative process, not just development. And you won’t get it right the first time, so don’t sweat so much.
Don’t scale until you actually need to. (The front page of Digg does not count as need.)
Don’t spend any money.
If you wanted it to build a product you’d find a way to get time to work on it. If you really wanted to start that new hobby you’d sacrifice something to find the time and money to do it.
I'll define a "Wannabe Entrepreneur" as someone who has never made money from their businesses. Here are the different types of wannabes.
In the past few years I've built go-carts, built a 200+ sq ft workshop, written several eBooks. How do I create a life where I have time to work on side projects?
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