Unless you have significant savings put aside for the start-up period, you will need to explore alternate sources of capital.

Explore financing options through government programs, start-up loans, angel investors, partnerships, friends and family, and although I don't recommend this one unless you are proven financially responsible, credit cards.

Depending on your product or service, perhaps pre-selling to your clients and customers would be feasible. Suppliers might also provide the start-up money you need.

If you borrow money, even if from family or friends, always get agreements in writing and make sure the loans are set up with proper security, terms and conditions and a payment schedule.

Think and act like a business owner – When you transition from employee to entrepreneur, you will require a shift in your thinking. You will quickly discover that trying to get everything for free or at a "deal" will actually hinder your success.

In the business world, you will be required to develop win-win relationships. If you require something of someone, how will you help him in return? Practice the Law of Reciprocity which means, learn to give and take mutually. In other words, when someone gives you something, give something of equal value back.

Master these five areas and you will significantly increase your ability to succeed.

As you make financial decisions and begin to build your business ask yourself, "Is this the best use of my money in terms of supporting my business?" This evaluation process will become second nature through practice and will support you in making smart financial decisions.

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