You might be sitting there with a great idea for a business that you know people will love, but you’re too scared to actually do anything about it because you don’t have this or that thing that you just KNOW you will need to turn your great idea into a successful company.
Well, you know what? Chances are you will need much less than you think to make your business a success. Don’t believe me? Just take a look at the following things you don’t need to start running your own company right now:
1. An office space
You might think that, in order to run your own business, you need your own dedicated office space in a fancy office building or maybe your own store, but that is really not true, Thanks to the internet and modern technology, you can start a company from your spare bedroom, kitchen or even garage right now. Once you have the money coming in, you can then think about upgrading to a more professional premises if you desire to do so.
2. A business degree
Sure, it couldn’t hurt to have a degree in business studies or similar, but many of the most innovative and successful entrepreneurs of all time did not even finish high school, and with resources like Fox Sales Legends, which teach you the skills you need to start an online business from scratch, it is of even less importance, if you have an idea and a desire to excel then you absolutely can degree or no degree.
3. A professional business plan
Okay, so if you’re planning on seeking a formal business loan, you undoubtedly will need a professional business plan, but if you plan to bootstrap your business using what little savings you have and your existing skills, then you really don’t need to have a formal business plan in place. Sure, you’ll want to have a rough idea of what you’re going to do and how viable your company is, but you need not spend vast amounts of time and resources on it.
4. Employees
When you’re just starting out, you might think that you will need employees to help you with things like bookkeeping or customer services, but when your business is tiny you can get by doing most of it yourself with help from automated apps like QuickBooks and maybe the odd freelancer worker should there be a task you really cannot manage yourself, You absolutely do not have to invest in staff before you’ve even made your first sale, let alone any profit to speak of. In fact, unless you have a huge contingency fund behind you, it is probably not a very good idea to do so!
As you can see, if you have a good idea, you almost do not need anything else to get started, so don’t delay and start working on your great new business idea right now because there will never be a better time to do so!
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