How to Start a Business and Where to Go for Help – Part I
I’ve had a few friends of mine who have been interested in my entrepreneurial journey reach out to me about their ideas. While there are a lot of resources out there, it can be very difficult to vet out good information, and info that is specific to what you need. Because there’s so much advice I could tell you, I’ve broken up this blog into 3 parts so that you can get that red pill in smaller doses (because you are about to embark on the journey down the rabbit hole). Here’s how I got started:
Talk to friends, family, and people about your idea.
The goal of talking with others is that it will help you solidify your concept and clarify just exactly what you want to say about your business idea. However, do it with a grain of salt, and be selective about the advice you take and don’t take. You’re going to get SO MUCH advice, it’s going to be scary, at first. Listen to everyone with a critical lens, and as they give you advice, evaluate it based on:
- How much expertise they actually have on the subject. If they’re not an expert, then be careful about taking their advice as if they understand your market. I had two businessmen lecture me about what education really needs, even though they’ve never taught in a classroom. Yeah, thanks but no thanks.
- Whether they actually understand the concept you’re trying to convey. Some people will totally understand and advise accordingly. Others will understand your concept in a completely different way, and their advice may not fit what you’re trying to do. In these cases, you have to ask yourself two things: (a) Am I being clear (and not confusing or vague)? and (b) Have I already considered what they’re saying (or is this some aspect that I really need to give some thought to)?
- Whether they are encouraging you OR discouraging you for the wrong reasons. You’re going to get a lot of naysayers and cheerleaders on this path, and you’ll hear plenty of advice from both sides. Some of it may be helpful, and some of it will be total BS. Listen with an open mind, but then see whether their information will help you.
As you talk to people, give yourself time to think and reflect on these conversations. Each convo, whether good or bad, should help you think more deeply about what you are trying to do, and it can help you grow if you are willing to change.
Also, don’t take things personally (even if the person you’re talking to had intended for it to be personal). Entrepreneurship is rough, and you will find yourself frequently in a Shark Tank environment where, if you haven’t grown a thick skin by this stage, it could spell disaster for your business. Remember, the criticism is about your ideas/business, and not about you, personally (and if they are, then stay away from people like that).
Stay tuned for Part II of this blog in how to leverage your local resources and networks.