Here are a few action items that an entrepreneur needs to think about before launching the business:

1)  Analyze the opportunity and determine the three or four key success factors that are critical to its success.  Typically, this will involve analyzing the revenues, the costs and the margins in an effort to understand how this opportunity will generate a profit.
2)  Evaluate and attract the right people (i.e. employees, partners and investors) to capitalize on the opportunity.
3)  Craft a deal that "makes the pie bigger" so that everyone wins.
4)  Begin to install and manage systems to manage growth.

Once you have explored these items and have developed a framework or strategy to achieve success, then you are ready to launch the business.