If Merck and Schering had started more studies sooner, the whole Vytorin controversy might never have happened.

FORBES: The Vytorin Saga

"If it wasn't for the miles and status, we probably never would have started flying, and we probably wouldn't continue to do so, " he said.

CNN: The fabulous lives of air miles millionaires

If you find the prospect of going full out on both the job and the business too daunting that you never get started, then forget this suggestion and go for slow growth.

FORBES: Balancing A Job and Side Business, Part 1: Time and Energy

So if you lived in New York and started globe trotting but still maintained a lot of connections to New York and never set up a real home anyplace else, New York would say you are a resident of New York by virtue of your domicile even in a year in which you spent no time at all in New York.

FORBES: You Can Be Two Places at Once if One of Them is New York