Jason Freid of 37Signals, makers of the wellmade BaseCamp, CampFire, TaDaList, and more on bootstrap development:

• Use as little time as possible. Don’t waste time doing advance planing. Don’t spec, make test code and mock-ups.
• Build less complicated products. Elegently solve one problem, don’t try and solve 10.
• Don’t wait for others to help. Dive in and you’ll learn a great deal more.
• As long as you are making progress on a regular basis, you are doing a good job. Don’t hold yourself to big-team deadlines
• When you need more people, find others that want to learn, that are passionate, that can do the work. Degrees and experience are less important than dedication and competence.
• It’s okay to make it up as you go along and it’s okay to fail.