All your points are good and and can make one become a millionaira if followed wisely.
The greatest problem has been fear of starting. While many people dream about starting their own business, far fewer make it happen. Nearly two-thirds of American adults have thought about starting their own business, only about a third of Americans have actually taken the plunge, according to a 2009 FindLaw.com survey . Experiences has shown that irrational fears are one of the main factors holding them back.
The irony is that those who take responsibility to overcome these mental hurdles and start a business, often don't look back. Fear is short-lived and often replaced by an experience of empowerment and a commitment to success.