Here's some solid advice from an entrepreneur who's made it. The UK's Times today talks to the founder of PetMeds, a 29 years British man who started the company with litte more than $30,000 in capital and a good idea. This year—its second year of operation—the company is expected to bring in about $16 million in profit. Here's what he has to offer young entrepreneurs:

"Perhaps the biggest lesson I've learnt is to get proper advice. Getting the right people with the right skills in to free up your time is so important. The temptation to do everything yourself is strong but it's a false economy. Our accountant paid for himself very quickly in terms of finding grants and the work he has done with our suppliers."

And he adds:

"Get a third party to go over your plans and criticise them, too. Although I had written a business plan, I did not look at it and I did not have a system developed. We are much more automated these days. We can grow by a huge amount now without recruiting too many more people."

Sounds familiar...