Starting a business is a little like deciding to raise a baby that only eats money and occasionally sends you invoices for more. It begins with excitement and big dreams, but can quickly turn into late nights, unexpected expenses, and Googling "is this normal?" at 2 a.m.

While there's no magic formula that guarantees your startup will become the next big thing, today we're offering our top 5 tips that will dramatically improve your odds of surviving the chaos and hopefully thriving long-term.

Show Highlights Include:

• Start Small Test Fast (4:15)

• Know Your Customer Better Than You Know Yourself (9:30)

• People Pay More For A Personal Connection (12:00)

• Revenue Keeps You Alive (16:30)

• Find Your Purpose (22:00)

Listen Now!

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5 Must Know Tips For Starting A New Business