Age should never be the deciding factor when it comes to starting a new business. What counts is the person’s mind-set, belief in themselves and the willingness to do whatever it takes (meaning work hard) to be a success.
The pandemic has, to some degree, stifled the creative juices of potential entrepreneurs. Before the onset of Covid-19 people started a new business because they wanted to; now, they may not have a choice due to a lack of jobs.
I don’t buy the many excuses l hear: I’m, too young, too old, no experience and so on. I can site countless successful business operations where the owner was either too young, too old, or had no experience, but had the internal fortitude to create a successful and profitable enterprise.
The best way to start thinking about a business is to determine what you like to do. Do you have any hobbies, are you a collector, or do you have a hidden wish about something you have always wanted to do? At this starting point, do not put any limits on your imagination. Do not concern yourself with cost, time, or location; just let your heart dictate your desire.
With a concept firmly planted in your mind, the next step is to validate the need for your product or service. Just because you think a need exists is not enough to launch a business. The validation or traction process requires proof that a market exists to purchase your product/service.
These two steps constitute a solid foundation upon which to begin the building process. The next step follows the saying, “It’s good to be in business FOR yourself, but not BY yourself.” In other words, reach out to BizQuack and let us visit about how to get to the next level.
I honestly believe that 2021 is one of the best years to begin a new business or to expand an existing business.
Trust in yourself! Do not let the “fear” that others have rub off on you. Anything and everything is possible if you want it badly enough and have the necessary support to get there.
Tips & Advice by Nick Petra, CFP – Founder of Strategic Duck and BizQuack
Providing support to build, profit, thrive, and survive the daily challenges of entrepreneurship.
BizQuack and its web site, www.BizQuack.com, are designed to provide accurate and authoritative information with regard to the subject matter covered. Membership is offered with the understanding that BizQuack is not engaged in rendering legal, accounting, or other professional advice. If legal advice or other expert assistance is required, the services of a qualified professional person should be sought.
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