Guy Kawasaki, a popular entrepreneur, venture capitalist, and blogger used to contribute, till recently, to a blog for Sun Microsystems. In his final post he outlines five important lessons he learnt along the way. Here are his recommendations:

• Focus on cashflow: Profit is important, but if you cannot keep your business afloat, then it really doesn’t matter.
• Make a little progress every day: It’s extremely rare that something comes along and blows everything away. Practically all successful businesses were built one step at a time.
• Try stuff: The more things you try the more you learn and the better your chances of discovering/creating something outstanding.
• Ignore schmexperts: Schmexperts are the totally bad combination of schmucks who are experts–or experts who are schmucks.
• Never ask anyone to do something that you wouldn’t do: Whether it’s a customer or an employee if you’re not happy to do it, why would anyone else be?

Those are just the highlights, you can read the entire post here.