• Beginners often rush into business without any planning.• Unless you do your homework, there could be many avoidable pitfalls.• You will minimise these pitfalls with careful preparation and planning.• Some people have very little in the way of formal education, and yet they still succeed in business.• Opportunity can be found around every corner if you look for it.• Mention any success story and you will find many more failures.• Everything in business has a buyer’s price and a seller’s price..