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How the heck do you start a business?

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Tool-Bearing Hominid
Tool-Bearing Hominid
Joined
Feb 15, 2014
Messages
181
I want to start my own business and be well-set financially, but I have no idea how to start or what running a business even looks like. I'm a full-time old college student and currently have no job experience, but I'm willing to work hard to start something on my own. (I've recently begun to lose hope making a living off of a career. It doesn't mean I won't finish college; it's just that working a 9-5 all my life seems like a waste--so I want to start entrepreneurship soon as possible).

Nevertheless, what are the steps a newbie like me should take if he wants to build a business?
 

Drck

Cro-Magnon Man
Cro-Magnon Man
Joined
Feb 14, 2013
Messages
1,488
* Be hungry and stay hungry; it might take many tries and many failures before you succeed
* Explore different ideas: go to a bookstore and read magazines and reviews about business, take extra classes about economics if you can. Learn from mistakes of others so you can avoid them. It might take weeks, months...
* Find some general idea - what are you good at? Public speaking? Programming? Building things? Convincing others? Talking different foreign languages? Stick with it, do what fits you
* Brainstorm: Make your own list of at least 20 different products or services that you can sell or offer. Include the unusual and the most silliest ideas as well. Remember, all the reasonable once are most likely already taken. Then go through that list, think about each, thing about which one is the most realistic to create for you. Some of them or at least one of them will be "the right one" at this time
* Do the math: How much effort you want to invests into success? How many hours per day, or per month? True, it is good to have 10 millions on your savings, great villa, cars and yacht... But do you want to spent next 20 years of hard work and all the stress on it? Many times it is easier to get some job with college education, work those 40 hours per week, and the rest of the time do what makes YOU happy. Hiking might be better choice for you than stressing over business...
* If you don't know, take your time for thinking couple weeks. At the same time you don't want to over-thing, you shall always be doing in order to be successful. Cut the thinking after 2 months, it is no longer productive, it's time to DO...
* Follow that idea from previous point, make it real. Good programmer? Ok, stick to it, make some great program. Many languages? Ok, maybe international language school. Scientist? Good luck with that one, unless you go to medicine. Building? Ok, how about construction? Great in communication and Politics? How about rent politicians from China, and replace all current political scene? We all would save tons of money, those guys are efficient - and much cheaper. And, they do actually work....
* If you fail don't give up, try again. And then again and again. There are not many successful people who never failed. Most - if not all - probably failed many times before they created true success
* Consider manual work, especially if you like it. Nobody wants to work with hands, that's why so many people go to college. They get degrees, many have to spend today 50-100K on education - and then they have to pay it off the next 20 years from great income of $12-15 per hour while climbing corporate ladder, sometimes not even that.... Congratulation, you have just wasted 20 years of your life by "being educated", you are "smart", but not really.... You can make much more than that on e.g. construction, especially if you open your own business, hire guys who do all the work for you... Or Repair diesel motors? Build custom motorcycles?
* Focus on what works and avoid things that don't work. That's actually a big one, see e.g. How many guys in seduction spent so much time on doing/improving crap that doesn't work, they spent months on useless theories - yet they never do the simple things that do actually work...
* Share your profits with Drck, 15% will do it. That's a big one too.


It would also be great to have a site like GC except entirely focused on business. Just a thought...
 
a good date brings a smile to your lips... and hers

Tim Iron

Tool-Bearing Hominid
Tool-Bearing Hominid
Joined
Jun 12, 2014
Messages
449
first of all what are the businesses that you are considering... list your business ideas first... then do some basic research to know of they are willing customers to consume your product or service.
 
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