Have you ever thought or dreamed about starting your own business? What stopped you or kept you from accomplishing this? For most people it’s money, lack of time or planning, or just plain fear. I’m here to tell you to push away whatever it is that’s holding you back and really focus on starting your own business. Sure, it’s a risk. But LIFE is a risk. So sit back and read on how YOU can be your OWN entrepreneur.
So let’s deal with the first one: money. Money is certainly difficult to come by these days. No lie. With the economy still in the shitter, people are looking for supplemental forms of income, ways to reestablish their retirement funds, or even seeking career changes. So what could be a better time than to become an entrepreneur?
As I always like to say, never put anything that you aren’t willing to lose on the line (i.e. your home, your kids’ college fund(s), etc.) This could put you or your family in a terrible position. Instead, you could always run to the bank and ask for a loan, however, this isn’t one of my favorite methods. However, if you have a great relationship, or you work with a bank that you know or trust, then by all means go for it. What I recommend is getting other smaller companies to sponsor or invest in you. This is the best way to help fund your business.
The second case in point: time/planning. True. Becoming an entrepreneur and running your own business takes a vast amount of time and planning, however, it can help your business grow and remain successful. Taking the time to put together a plan will also help your bank in making a decision on if they want to finance you or not, if you choose to go down that route. Putting together a plan will also get you motivated and help you set and achieve your own goals. It will take time, but you will find that putting in that time into planning up front will be better for you and your business in the long run.
And finally, fear. Save the best for last, right? Fear is probably the biggest reason why people do no start their own businesses. They fear about what they might lose. And with good reason! As I mentioned above, it is most certainly a risk. But what in life isn’t? One of the first cardinal rules of owning a business is about taking risks and breaking the rules. These are key tools for success. Take me for example. Do you think I’d be where I am today if I didn’t take a risk and bend the rules occasionally? Hell no! Of COURSE I did. And you should to. You and your business will thank you for it in ten years.