Whether you are starting a new business or changing directions in an existing business the hardest part of the process is to “Take the First Step.”
There is no magic formula for success when starting a new business nor is there guaranteed success if you change direction with your current business or add new product or service. My initial advice is to “Take some kind of action.”
Several months ago I started a new group, Grey Hair Entrepreneurs. Its purpose was to provide that specific group a place to meet, share ideas, and to learn new techniques for starting or growing a business.
We held three meetings so far and at each meting I offered those in attendance a no cost, one hour with me to share their stories and to discuss what they want to achieve.
To date, I have had 21 meetings. Everyone I spoke to either had a business or wanted to start a business. In all cases, the most frequently asked question was “How do I start?” A lot of good ideas for new businesses were presented, and those with established businesses seemed to have come to a total standstill.
The majority of those I spoke with did not have any semblance of a plan to go forward. There was a lot of apprehension, a feeling that they had no support and a fear that they may fail.
No, I did not give each of them a fool proof business plan that would solve all their problems. What I did do was to assign a few simple tasks to be accomplished in the next few weeks and then to get back to me. Giving them that “needed push” is working. I have heard from 18 of those with whom I spoke with and they all have taken an action step. I know that the first step does not insure success, but they have started the growth process; and yes, there will be set backs but with support they will persevere.
What new idea are you sitting on? Change is the only constant in our lives, and I encourage you to take action.
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.
Back to top
Use the search box to find the product you are looking for.