Do not spend money on things that will have no value, but do not be too tight with money also, instead value your spending, if that specific spending will create value to your company then its worth spending but if there is no value then it is money that your company could have used for other things that would add value.
Boss vs Leader habits.
Being an entrepreneur is not always easy because you have to balance between being a boss and leader. Find the optimal personality that will be best to run your company. Many studies and many people might suggest that being a boss is not good but in reality the companies that has strict directors or CEO achieve their goals. In some companies strict directors and CEOs destroy the company because most of the valuable employees start to leave or stop putting effort. Some entrepreneurs tries to be a leader but instead their employees takes advantage of them. A great leader is the best but these great leaders are very few. A great leader is the person that gives you hope and gives you a dream that you never thought it exists. A great leader is the person that lift you when you are at your lowest point. Try avoid habit of being a boss or being a leader unless you are naturally born as a leader, instead find the optimal balance between being a boss and a leader.
Cares only for him self instead of adding value.
Value is the most important thing in business. As an entrepreneur you must always think about adding value to your company, employees, products and services. All these values will increase the chances of creating successful company.