Starting your own business is like a dream that everyone has.
Its like waking up every morning and doing what you absolutely love.
But unfortunately only few of us do really become business owners, most of us will never
leave the comfort zone of being an employee.
For those of who are absolutely serious about finally quitting your job and turning your
business idea into a reality, here are 5 things to consider before you start, because starting
a business isn’t as great as it sounds!
First, business is not fun
A lot of people have absolutely wrong idea about running your own business.
It’s not what you see in movies, its not fun at all, in fact its absolutely boring.
And in the process you will often meet so many assholes that you wish you hadn't start
this business in the first place.
When I entered into the real estate business I was super excited, but as soon as I started
renting apartments, I have came across people that I wish I didn't.
I can make 100 hour video just talking about what kind of stupid people I met just in the
first few month of the business.
It was more like a hell than fun.
If you do not develop your social skills, if you do not learn how to be patient and
control your anger and stress, you will be out of business in no time!
Yes of course there are some great moments in business, especially when you just get
your frist deal, but these are just moments that happen rarely, when you hit a certain
milestone or finally achieve that goal!
But most of the times, you will be face with a lot of boring work!
2.
Secondly, You don’t have to reinvent the wheel
There is a common misconception that if you want to start a business, you have to come
up with something absolutely new and unique which is not true at all.
In fact, chances are that your new idea might fail are higher than you think!
the best way to start a business, especially when you are just a beginner is to take an
existing business idea that seems to be working successfully, add to it your own flavour and
kick it out!
Because this business idea is already proven, all what you have to do is to put the hard
work and you will most likely succeed.
Thats why you find most tech companies follow the path of apple!
Since apple is the leader of its industry, they can take the risk to test something new
but other smaller players cant afford that risk, thats one its only when Apple Launched
iPhone 10 with that notch, Other tech companies quickly copied!
3.
Thirdly, you don't need a lot of money to start a business
Its not a news that businesses need a lot of cash to survive, you have got to pay the
rent, salaries to your employees and bunch of other bills.
But that usually happens when the business is proven to be successful.
Most small businesses do not need a lot of money to be started, especially if its an
online business, whats required in the beginning of the business is the handwork to get it
to the point where it starts generating income.
When I started this youtube channel for example, I have invested something around 120 bucks
just to buy a mice and thats all.
Don't scare yourself with the idea that you should first save hundred of thousands of
dollars before you start.
Remember, in the beginning, you are the manager, you are the salesman, you are the lawyer,
you are the accountant, you are everything that business needs, thats how you start a
business with minimum expenses.
4.
What matters only are the results
I guess the main reason why most businesses fail in the beginning is because people give
up when they put so much effort and don't get anything in return.
As an employee you have a logical understanding how you make money, the more hours you work,
the more effort you put the more you must be paid, and if you are not paid enough, there
is no point of working harder.
But that logic doesn’t really applies to business, Let me tell you a secret, in business,
your clients don't really give a damn about how hard you work, what matters at the end
of the day is if you are getting results.
Some people complain that, look, I have put 20 hours to make this video but no one is
watching it, youtube is broken, its unfair!
And then they give up because they don't understand that in business, what matters are only the
results!
5.
and lastly, ideas are worthless without execution
We all come up with ideas that might change the world, everyone is good at dreaming and
coming up with revolutionary ideas.
People quickly overvalue their business because they think its absolutely unique not understanding
that, ideas are worthless if they are not turned into a reality.
Never delude yourself that your business will succeed because you have got a unique idea.
Thousands of people probably came through that idea before and your idea will worth
more only after its executed!
and proven that it actually works!
In summary, the point wasn’t to push you away from starting your business but rather
to encourage and tell you a little bit of what you will face so that you get prepared!
And now its your turn, what business would you love to start!
Lets me know in the comments below!
And as always, hit that like button if you have enjoyed this
video and if you don’t want to miss the next video, then hit that subscribe button
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Thanks for watching and I will see you in the next one