If you’ve come to this article then you’re likely an entrepreneur or an artist of some kind, you have something in you that wants to create. Creating the business of your dreams is no easy task but luckily we’re here to help. You’ve already created something in your way, by tapping into that power, there’s no turning back.
Now you’re looking in the mirror and asking yourself, “How did I do that?”
There are only a few things I can think of, it was your last shot, or you didn’t know enough about the world stop you.
If it wasn’t either of these, let us know in the comments what you think this creative power was.
I think both of them are a great place to start. Usually, our last shot isn’t a final shot, but when you burn the boats, you take the island.
Admit it, too much information is a problem. Could you imagine if Google wasn’t around in the dotcom boom? If they decided there were too many tech companies to start their own. Google isn’t even a tech company, it’s a search engine, but it has enough products in other sectors to blend in with the competition while dominating as a search engine.
Today you might not start a business because your friends Dad began to one, and unfortunately, it failed. If we decided not to do something just because someone else failed at it, we would never make progress.
The logic isn’t sound, but it’s something we let hold us back. Whatever is holding you back, decide now, and step.
Where do I start?
If you know what business you want to start, you need to start it. If you spent the next five years planning, strategizing, and organizing your business, it might never launch. Now you’re asking yourself, “Where do I start?”
Just start, here are 7 things you should know, to legally protect your business.
Get a team
In the beginning, you probably won’t have any employees, and it will likely be you against the world. However, your first mission is to get a team. A great team will give you more time to grow your business. There are some services you want to consider when starting a business.
Will you do your accounting and bookkeeping?
A better question would be;
Why do you need accounting and bookkeeping services for your business?
If you’re unsure about either service, consider the difference in accounting and bookkeeping, if all you need is a little training to do your own accounting, reach out to us.
Having a team to assist you with the necessary services helps, you’re walking in charted territories. We all need a team if we want to succeed, but you’re getting peace of mind.
The biggest obstacles in business are usually compliance, in business compliance exists to protect the employee and employer. Did you know 1930 the average workweek for full-time manufacturing employees was 100 hours? June 26, 1940, congress created the 40-hour workweek.
By yourself, a problem is overwhelming, but with multiple brains, there is nothing that can stop your business. The point is, get yourself a team.
When do I start?
So you’ve found your team, now you’re asking yourself, “When do I start?” I’ll refer you to the earlier section, “Where do I start?” Just start. Just starting is not only practice but great advice. If it’s a blunder, you’re going to find out quickly, and you can shift your trajectory.
If it pays off, you’ll realize that all the planning in the world wouldn’t help.
When you start is more important than where you start, the time is always now. Indecision has stopped more dreams than problems or obstacles in the real world.
The third law of motion
The third law of motion states, “For every action, there is an equal and opposite reaction.” The rule applies to your business as well, the moment you begin to build, you’ll meet an equal resistance of destruction. Newton’s law describes the activity when a body exerts a force on another body. Your business is impacting a bigger ecosystem, society, so you can expect an equal power to be exercised.
Being prepared can prevent any unwanted compliance issues in your business. Paying your employees on time, having clear two-way communication, and staying proactive as a leader all impact your future. The more you can prepare now, the less you’ll pay down the road.
The way you manage your account receivables and payables will affect your cash flow and can impact bills, late fees get piled on. The thing is, everyone meets resistance; the only difference is what we do when we achieve it. Are you willing to fail? You can expect failure to come as sure as the sun rises, the more prepared you are to handle it, the more likely you’ll succeed.
What’s stopping me?
Now let’s face the next question, “What’s stopping me?” It would help if you asked it because the weeds will grow whether you tend the garden or not. This isn’t the part where I convince you to dive in. This is the part where we answer what’s stopping you. When uncertainty and fear no longer exist in the body, they don’t conclude in mind.
“I’m not business ‘material.’”
I don’t know what business material even means. You may likely be judging your preconceived notions about business and the business culture. Anyone can start a business, and there’s no club, no particular test, you only need customers. A practical way to overcome this is to ask yourself w
“I need more information.”
You can always do more research. Our job is not to research but refine through action, once we have an idea, it’s up to us to bring it into the world. We get into the trap of pre-solving problems that don’t yet exist, and never get started, more information is a quick path to getting nothing done. The best way to balance information is by doing something that matters to your business every day.
“I’m waiting for the right time.”
I wish I had a penny every time I heard someone was going to start something, tomorrow, or maybe next week or next year. I’m just waiting for the perfect time is an ideal excuse, but it never comes. If it isn’t happening now, it isn’t happening. It’s only an idea. You have to give up some time for the things you want. I was surprised when I limited personal time on my cell phone to an hour. I had gained almost three hours. Where did I earn them? They were always there, but I needed to sacrifice my time on Facebook, Instagram, and Games.
“I need money.”
There are plenty of businesses that operate with little to no capital, and you need sales. If you can’t make sales, then your service or product needs work, back to the drawing board. However, it’s never more capital, and money is a resource; you want to build your resourcefulness. If you have a customer and value, you have money, use it to grow your business.
The second law of motion
Newton’s second law of motion states that: the acceleration of an object as produced by a net force is directly proportional to the magnitude of the net effect, in the same direction as the net force, and inversely proportional to the mass of the object. The second law describes the relationship between the mass of the object and the force needed to accelerate it.
Let’s use motivation as an example if you have been stagnant, passive in creating the life you want. Your motivation levels are likely to be low; this energy of demotivation is what surrounds you. You’ll need energy that motivates you equal to the amount of demotivation you currently have to accelerate at all. Another reason why waiting is a bad idea, the longer you wait, the more it may take you to lift your business off the ground.
The questions that matter
The questions that matter are not the most commonly asked questions about business, there are only two questions that matter, when you’re pushed up against a wall.
Why are you building a business?
What’s your why? What was it in the beginning that sparked so much energy to begin in the first place, locate your why and never let it go. Our why is the extra fuel that gets us over a steep hill, it’s what we push out when we feel like there’s nothing left to give, there’s always something left. Feeling uncertain, shine clarity on your why. Feeling fear, act on your why.
“He who has a why to live for can bear almost any how.”
– Friedrich Nietzsche
How much are you willing to suffer?
We all must suffer two pains in life, the pain of discipline, or the pain of regret, but you get to choose. Sufferings expected growth is optional. There are a ton of quotes I can throw at you, but it all comes down to what you’re willing to endure as an individual. Are you ready to stretch your limits little by little every day? You can make two choices, the natural choice we pay for down the road and the harder choice we pay for today.
“We must all suffer from one of two pains: the pain of discipline or the pain of regret. The difference is discipline weighs ounces while regret weighs tons.” Jim Rohn
The first law of motion
Newton’s first law of motion states: an object at rest stays at rest and an object in motion stays in motion with the same speed and the same direction unless acted upon by an unbalanced force. Luck is an unbalanced force, sometimes when seizing the opportunity we see it as luck, but it wasn’t, it was hard work, our work. If someone were in the same position, would they seize the equal opportunity or furthermore, would they be equipped to use the opportunity?
If you’re expecting luck to happen, it won’t. Lady luck only shows herself to the determined. Talent without work is useless if you ask anyone successful, they worked and worked but never once defined it as luck.
In the same way, the momentum you build in your business will continue until interrupted by an outside force, which is more common than getting lucky. Your business is part of a bigger ecosystem now, and it has a new terrain to explore. All businesses interact with outside forces and add more variables to the momentum they’re building.
The point is, you can’t plan for everything, but you can prepare for anything.
It’s said that if a samurai has an understanding of the Way, it will show even after death, a determination is such a powerful force. Fail forward. The idea is that even if you’re unable to succeed, by stepping into the arena, you gain skills that will push you further next time. If you fail and are unable to observe the lesson, it’s because you haven’t embraced it, failures are lessons in disguise.
The best way to fail forward is by setting goals that are outside of your current belief or to 10x your current goals. There are two types of habitual thought, there are people who have quick intelligence, and there are people that must contemplate ideas to digest them fully. If you’re the latter, then you’ll find thinking outside of your current belief comfortable, while if you have quick intelligence, then to 10x your goals would be the best outcome.
When it comes to failure, it’s not the world defines it, but how you’ve defined it in your nature. The characteristics that exist in your world have a purpose until you’ve discovered that purpose, you exercise no control over it.
I’ve tried both of these goal-setting exercises and enjoy them in their independence. The mind is like a muscle. If you can feed it and give it the proper rest, you’ll find training in the mundane.
Do the pushups
Do the pushups. No one can do them for you. You have to do them yourself if you want the results. I love this saying because all the responsibility of your business is going to be on you. However, I’m telling you now, “Do the pushups.” Don’t think about how far you have to go, the work you’ll have to do tomorrow, or the other curve balls life is going to throw at you.
You only have to get through today, if you can’t get through today, get through the next hour, set your mind on doing today’s pushups.
You can’t hire someone else to do your pushups for you. Jim Rohn
We all have a mountain to climb, but if you try to tackle the whole thing, you might be overwhelmed. You can take a few steps though, those are easy and manageable if you do that everyday something magical happens.
The compound effect
I just finished reading The Compound Effect by Darren Hardy. If you’re into self-mastery like me, then you’ll enjoy reading it. Darren Hardy is charismatic, in his book Darren talks about the magic of seemingly small insignificant actions, and how they can change our lives.
None of this information is new, it’s old, and it works. Darren explains time tested and practical exercises anyone can employ to change the trajectory of their life, just by making the right decisions. I completely agree with this concept, and you probably do too, but most of the time we know what we need to do, we don’t do it.
How do you or anyone else seize advantage of the compound effect?
The same way you would climb a mountain, one step at a time, the small wins add up and make a big impact.
What impact do you want to make? Start with the decision to start the business you’ve always wanted to, contact us if you need help.
If you’re worried about starting this journey on your own, don’t be, you’re not alone. This journey is taken every day, by artists, business owners, warriors, people just like you and me. Join them and build something that creates an impact. Ask for help when you need it and be honest about what you know, you’ll be just fine.