<human>:  What tips can you offer an entrepreneur starting a new business?
<bot>: 
1. Do your research and develop a business plan.
2. Identify and establish strong relationships with mentors and industry professionals.
3. Have a clear budget and timeline for your project.
4. Make sure you're prepared to make difficult decisions.
5. Don't be afraid to seek outside funding for your business.
6. Find creative ways to promote and market your business.
7. Plan for and manage potential risks.
8. Remain flexible and open to changes.
9. Be proactive about networking and building collaborations.
10. Stay up to date on market trends and find opportunities to innovate.