I found this great article by Paul Graham. It basically tells you how to start your own startup. In the article he gives you three basic rules when starting your own business.
- start with good people
- make something customers actually want
- spend as little money as possible
He goes on to explain, "Most startups that fail do it because they fail at one of these. A startup that does all three will probably succeed." I totally agree with these three rules, they are rules that I have been trying to drive into a friends head. He is a big idea person, and while he flies high, I tend to try and ground hime with the reality of these three rules. If he is still flying high after he has these three things worked out then it is probably a good idea.