Don’t Reinvent the Wheel

As you are developing a business, do not do everything yourself or from scratch!!! Borrow, and finance as little as possible on development and research! Examples include most recently in AI… as everyone is investing heavily in developing into AI – it is now becoming open-sourced and at a high quality, so everything you need is now free or cheaper!! A general rule is that you should only spend on capital-expenditure to meet the DEMAND of more sales… research, development, designing, market research, marketing, benchmarking and outsourcing labor and parts of your business should work in co-operation with already established, affordable services from other businesses!!! Do not over-spend with wide-eyes in anticipation of development only to learn later that cheaper solutions in the future exist…

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