Conventional business thinking says you need money to start a business, but here’s a secret:
Conventional business thinking is wrong.
Money isn’t the most important part of starting a business. Not by a long shot. The amount of effort you put in, how badly you want to succeed, and how quickly you can change your mindset is the real key indicators of whether or not you’re going to make it big.
So, if you don’t need money to start… what do you need to do? I’m so glad you asked.
You Need To Start Small
Start by setting out small tasks and following through. Small tasks are easier to manage, and it’s easier to find a solution if a problem comes up.
Let’s say you found a product you know will fly off the shelves. Your first small task could be to make a list of what you need to sell that product. How much money you’ll need from investors, what business model you’ll need, how you’re going to sell it. Remember, the first task is just making the list, not achieving everything on it.
You could start by finding a company that already sells the item, and seeing if you can earn a percentage finding new leads and customers for them. We call that an affiliate program.
Or, if there isn’t anyone already making the product, you could start by listing companies that could manufacture it for you. Again, the task there isn’t getting the product made. It’s finding the right companies to work with.
To make sure that you follow through on your small goals, be sure that they’re all specific, measurable, achievable tasks, and that each one has a deadline. The deadline is an easy way to add a sense of urgency to your work, which makes you take it more seriously.
Each small task that you can check off your list will boost your confidence. And even better, those little wins will add up to big wins, and lots of money!
You Need To Identify Skills You Already Have
Everyone has marketable skills. Yes, everyone. Even someone with a crappy day job who does pretty much nothing but work, posts on social media, and hangs out with their friends.
First off, you can use the skills you picked up at your day job to figure out some important parts of your new business. Operating a cash register, figuring out tip percentages, even stocking the back room are skill sets that come in handy when you’re starting a business.
Secondly, knowing all the ins and outs of social media is a HUGE opportunity. If you know how to write a post that can rack up the likes, you could have the potential to start a social media marketing company.
And thirdly, each one of the people you hang out with has their own sets of skills that you can leverage, or use to add to your own success. That’s an active business network, just waiting for you to tap into it.
So make a list of all the skills you already have. You can use this exercise to get a head start, you can list out all the things you liked as a kid that you still like, you can even ask your friends and family what they think your top skills are.
Now, find one thing on your list that solves a problem a lot of people have, and use that as a jumping-off point. Remember: finding a problem you can solve, and solving it for a lot of people is how you get really, really rich. Yes or yes?
You Need To Find People Who Think Like You
Have you ever told someone your business idea, and all you got was “Hmmm, that’ll never work” or “Someone already came up with that and failed”?
It could be because they don’t understand the way you’re thinking. It’s really hard to communicate an idea with someone who doesn’t share your vision and drive. They just won’t understand what fuels you, why you’re so excited about this business concept, or why it’s important to make it work.
So it’s super important to look for a like-minded person when you’re just starting out. This could be a relative, a friend, or even someone you just met at the supermarket.
Once someone understands why you’re so passionate about an opportunity, they’re much more likely to help you out. And when you’re just starting out, help is invaluable. From investors to employees, to encouragement when you’re down.
Invest in yourself
Investing in yourself not only helps you start a business—it’ll help you sustain one, too.
Take Warren Buffet for example. The 3rd richest person in the world—and he spends more than half of his day reading. Business reports, newspapers, books… practically anything that he believes will strengthen his mind and sharpen his business skills.
There’s no doubt that reading can do wonders in a person’s life. From reading about how others handle rejections (everyone gets rejected at some point) to looking for ways to fund your business as it grows, it’ll give you clarity on what to do.
Some other ways to invest in yourself are attending seminars and classes (like mine), going to networking events, and making sure you take the time you need to take care of yourself. It’s not frivolous to eat healthy food and go to the gym, it’s investing in your health.
Now, taking the first step is the trickiest part. But you don’t have to do it alone.
Join me for my FREE class called,
Zero To MultiMillionaire
“The Ultimate Business Success Formula”
We’ll walk through the proven step-by-step process I used to become a millionaire, together.
In just 90 minutes, this class will teach you:
- 5 principles that I used to go from broke to multi-multi-multi millionaire
- The one thing almost all self-made millionaires have in common (and how you can choose to be like them)
- The “Ultimate Business Success Formula” that’s been used thousands of times without fail
- And a whole lot more
Click here to register and select a date and time that works best for you!
I hope to see you there!
For your freedom,