Photo by bongkarn thanyakij from Pexels 2020 has been the year of staying home. The…
For a large number of people around the world, the idea of starting up a business falls somewhere in the realm of “nice but unrealistic fantasy.”
Or, at least, that’s the way it appears.
For a variety of reasons, many people simply view starting up their own business as something deeply complicated and involved, requiring years of planning and careful strategising, and the management of all sorts of complex and frustrating legalities.
While an entrepreneurial business venture certainly will tend to require a lot of work, fine tuning, and attention to detail over time, however, actually taking the first step forward and starting up your own business is – in many cases – nowhere near as complicated as you might think. And it’s certainly not the kind of thing that you should allow yourself to procrastinate on endlessly.
Here are a few reasons why starting up your own business isn’t as complicated as you might think.
Because there are now all sorts of ways that you can manage the process from home
Did you know that you can handle many of the legal technicalities of registering a business via online services such as a setup LLC online business address?
Whereas once upon a time, setting up a new business would tend to require all sorts of in-person legwork – not to mention things like establishing a physical storefront or warehouse for your business – the nature of the game has completely changed today courtesy of the Internet and the increasing digitisation of the working world.
Of course, not every business can be created or run remotely – but even for those businesses which have to maintain a local physical presence, many aspects of the running of the business can now be handled remotely in a way that they just couldn’t be before.
Depending on the type of business you want to start up, it’s entirely possible that you could get the whole initial “launch” off the ground, without actually having to leave the comfort of your own home at all.
Because you don’t need a total comprehensive five year plan in order to get started
If you are running your own business you should, of course, take it seriously, pay sufficient attention to detail, and do what you can in order to ensure that things are as smooth and well structured as possible.
But that doesn’t mean – whatsoever – that you need to go into your new business with a comprehensive five year plan, or anything along those lines.
In reality, it’s the desire to try and have everything worked out perfectly on paper that prevents many otherwise energetic would-be entrepreneurs from ever actually taking the plunge, and pushing forward with their dreams.
The truth is that you just need a basic vision to get started with, and enough planning and insight to get your business operational. A lot of the rest can be tinkered and worked out down the line. First things first: you need to actually make a start and build momentum.
Because you don’t need an enormous customer base in order to start making an impact
While new businesses frequently take a number of years to become profitable – if they ever do – it is nonetheless a fallacy to believe that you need an enormous customer base in order to actually start making an impact with your business.
The reality for many entrepreneurs is that even a moderate level of interest and exposure can be enough to really make a substantial impact, and start paying the bills – and that level of exposure doesn’t have to be waiting for you before you get started. In fact, how could it be?
Identify a core audience that you’d like to target your business towards, and don’t get too caught up in grand all-encompassing marketing strategies off the bat.
Because just getting started and taking action can lead to a quick accumulation of insight
If you don’t know how to make a success of a given business venture, it might be tempting to go through endless coaching sessions, read an endless number of books, and attend an endless number of seminars, in order to try and crack the formula and get the technical stuff right.
When push comes to shove, however, simply getting started and taking action, even without even leaving the comfort of your own home, can lead to a quick and effective accumulation of insight in many cases that simply can’t be replicated in theory.
In other words; you will learn a lot by doing.