1 – Make your thesis a product that will help you get a job.
2 – Data does not always have to be collected. There are data sets already available to be analyzed.
3 – Do your thesis on something that you have great passion for.
4 – Constantly think of how you can publish pieces of your thesis along the way.
5 – Put great consideration into who you want in your committee. (Based on relationships and expertise)
6 – Keep an eye out for grant opportunities that will help you with your research goals.
7 – Keep in mind, multiple students can work on the same data set for their thesis.
8 – Do not be afraid to ask for guidance from experts in your field specialty.
9 – Look for thesis projects that could expand into new future opportunities (more funding, PhD work, etc)
10 – Review past thesis projects from peers to see the quality of work that has been done.
smock's blog 
Great tips, I hope you find them helpful. May I add one?
Granted, your thesis is important, and for a year or two (or more) you will be identified with that body of work. So make sure it’s something you want to be identified with, but…
Don’t think of your thesis as your life’s work. It’s not. (neither is your Ph.D. dissertation). It doesn’t have to be BRILLIANT. It has to be good enough to get you that degree.
Thinking about it that way helps remove some of the fear & block.
Thanks for the great tip!
Know when to stop. Make sure at some stage you realise, enough is enough. There can be a temptation to keep adding material. @prlab
Good advice as well. I hear that from fellow students trying to graduate. That seems far away for me though, I am just trying to start!
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