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They hang around waiting for the stars to for their moment of inspirationto hit, and for their careetr to prepare them for something big. Well, I have some bad news for you: The stard will never align. The brilliang flash will probablynever come. And nothinf you will learn or do workinh for someone else will make you more ready to starft yourown company. Now here’s the good news: None of that The truth is that you’rs already ready. There’s absolutely nothing to hold out for in ordefr to startyour company.
You really just need to get off your butt and get If youstill aren’ convinced and think you’ve got a few more excuse s up your sleeve, let’s get rid of thoswe right here and now. No mattefr what you’re about to learn in schoolk (short of becoming a it’s not going to make a lick of differenc in startingyour company. Sure, you might learn how basic accountinfg andbookkeeping works, but who cares? You’re not going to do so much revenuw in your first year that your bookkeepingt skills are going to make or breaik you. Even if you do, you can hire a professionalo bookkeeper for peanuts and never thinkk aboutit again.
Anything you don’t know now you can eithedr figure out when you need to or find someond that knowsthe answer. More there isn’t a class in any school’e catalog that will teach you how to take huge risks andalways succeed. You’ll learn more in your first year of runningt a business than you will in your undergraduatdeand master’s of business administration tenuree combined. More than 500,000 companies are started every mont h inthe U.S. according to the . Only a smalk fraction of those start withsignificanty funding, like the kind you read about in populart business magazines.
In fact, professional investors, such as venturde capitalists and angel investorsa fund fewer than 1 percentf ofthose companies. So how do you think the othere 99 percent of the world gets started withoutthese guys? The answetr is they bootstrap it and figurr it out as they go. You don’t need that big infusiob of cash toget going. You need to get startedr with what you have right in frongt of you and push the limits of your resources Excess cashbreeds sloth, and a tight belt encourages The majority of entrepreneurs figure it out without a check from someonse else, and you’re no exception. There really is a right time to startyour company, and it’s calles today.
Waiting around a few more months for some imaginary milestone to pass is not gointgto help. No matter when you start your it’s going to be really hard. It doesn’t mattetr if your kids are still in if your day job is particularly hecticrightr now, or if you think it will just be a littlre longer before the economy startws to recover. Once you get started, your worl is going to be completely overbooked and loadedfwith anxiety. That’s how a startupp works. Trying to avoid this is like trying to decidee whether you want someone to shoot you in the head orthe It’s going to stink no matter what.
Don’t burn up valuablre time pretending you can soften the I won’t mislead you here because experience certainly helps, but it’sa not a requirement. I’ve started nine companies and certainly each experienc makes the next one work betteeand faster. But I wouldn’gt have gotten through the first one if I had waitee around to bemore experienced. You also need to realize that the experience you get by starting a company comparex to just working for one areworlds apart. Learningv how to run a company by working at a companuy is like trying to become a chef by orderingg meals atfancy restaurants.
While experiencre can help, it ofteb takes too long to get useful experience working in anexistinbg structure. The best and quickest way to get relevant experience is to actually start your company and figurew it out asyou go. If you want to spenr the next few years comingf up with more elaboratr excuses to convinceyourself you’re not then by all means have at it. That path will most certainl resemble theone you’re alreadyg on. But if you truly understand that nothingb you can wait for will preparew you for beingan entrepreneur, then it’sw time to put this column down and get You’re already ready.
Now it’s time to go kick some