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New Orleans chef John Besh thought he would go bankrupt after Hurricane Katrina, but saved his business by focusing on giving back to the community, instead of obsessing over the bottomline.

Don't be too focused on your product--because if you're not building a community for it, it may never get off the ground. When you are first starting your business, it can seem as if there are an infinite number of items on your to-do list and not enough hours in the day.

Don't be too focused on your product--because if you're not building a community for it, it may never get off the ground. When you are first starting your business, it can seem as if there are an infinite number of items on your to-do list and not enough hours in the day. While it's important to put in the necessary time to build out your product or service, there is a danger in being overly focused

Peter Whalen, the head pro at the new Baker’s Bay Golf & Ocean Club in the Bahamas, predicts light traffic for the community’s Tom Fazio–designed course.