A funny sticky thread has appeared in the directory section of DigitalPoint, besides being quite humorous it also has some dead-on advice for potential directory owners.  Here are some of my favs:

Every statement on this list should be followed by…YOU should NOT start a web directory.

- If the statement “New High PR Directory” makes sense to you…

- If you bought a dropped domain name just because it had pagerank, and now you don’t know how to recover the money you wasted…

- If you have ever asked the question “How can I set my script to auto approve submissions?”…

- If you are scared of google…

Read the entire thread, here.