While there may be no secret formula to succeed as entrepreneur there are some golden priorities following which success is usually attained. Innovation is top priority as no business can survive without it especially in today’s dynamic business environment. Instead of constantly expanding the scale of business, due focus must be paid to the per unit profitability. There must be consistent cash flow. Unless the work culture is sound, the business will never grow beyond a point. In spite of early success, one must constantly vie for improvement.