Here is a well articulated summation of how business should be done — everything I strive to abide by.  For greater detail, click through to read why these principles make sense.

Principle #1: Take fewer risks as you get older

Principle #2: Never lose your investors money

Principle #3: Spend 10% of your day thinking about new ways to make money

Principle #4: Over communicate

Principle #5: Never burn bridges

Principle #6: Spend 10% of your day networking

Principle #7: Never bail on business partners or investors