Start your business, what have you got to lose? At a time when it is possible to start a business for under $100, why wouldn't you start it straight away? If it's only going to cost you your time, then really, what have you got to lose?
In the past I have procrastinated on business ideas, putting things off because I wasn't 100 percent sure it was going to succeed or when researching the competition, felt that there wasn't room for another player.
On the weekend I watched a YouTube video produced by a guy named Trent Dyrsmid, a serial entrepreneur who has started a number of businesses over the years. He talked about the importance of taking action in the first place and getting your business going. Once you have taken this first step then you are in a better position to see more opportunities, opportunities you would not have seen if you hadn't started your business. It definitely made sense to me.
He spoke about how he started his first company and tendered for some large contract. During this tender process he studied his competition and realised that to win the tender he needed to improve his offering so he adjusted his product and service delivery accordingly. His company needed to change in order to secure this contract, which they did. Further down the track he saw other opportunities, opportunities he would not have recognised if he hadn't made the initial decision to just set up his company and go for it.
When I started this blog, I actually started it under a different title and website, however, after a few months I realised it was not appropriate for the people I really wanted to reach and so I created a new website, with a new domain and off course a new blog. Was it a waste of time setting up the initial website and blog?, no I don't believe it was as I learnt a lot through the process and probably wouldn't have come to the same realisation if I hadn't made a start in the first place. Since setting up this blog and website, I have also further developed my business plan and expect it to continue evolving in the future.
It's been interesting to watch well known bloggers such as Pat Flynn, Yaro Stark and Melyssa Griffen make changes to their blogs and websites and even domain names, as they develop their brands and businesses also.
I hope you have enjoyed this post.
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