India, Oct. 18 -- It's a well-known fact that most serial entrepreneurs of today were once struggling to make ends meet at their bootstrapped ventures. They know exactly what it takes to turn a vision into reality. But unlike a new entrepreneur, those seasoned in taking ventures from a mere idea to a big business do not get overwhelmed by the constant rhetoric of naysayers stating how business is 'no child's play' and how it requires 'big money' to survive.

Their mantra for the new kids on the block is always this, if you have an idea that you believe in, jump into realizing it wholeheartedly. But first, keep in mind the tips mentioned below so that the risk you take is actually worth it-

The Bare Necessities

With an idea in mind and a...