My advice to entrepreneurs beyond the obvious (be in the right macro, hire great people, operate with purpose) is to –

1) Optimize for building institutional knowledge – get as many iterations as you can to give you insight into how to win long term

2) Pivot ahead of when you need to – pivoting early is leadership, pivoting late is desperation

3) Fully commit – you won’t / can’t win if you’re hedging. You only have finite emotional energy, deploying it in too many places will reduce the likelihood of success