The Most Important Things to Know When Starting Your Business

There are a number of crucial things you must do to successfully start a business. In this video, Entrepreneur Network partner Phil Thompson meets with Pursue Wealth's Josh Wingrove and Sarah Robinson.

Thompson asks the duo, "What is the most important lesson you learned starting your own business?"

Having a game plan and being prepared, as well as working out what you want to do are key to a successful startup, they explain. In addition, if you're creating a business with a partner, having a clear understanding of everyone's roles is also important to a smooth launch.