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They hang around waiting for the stars to for their moment of inspirationto hit, and for theirr career to prepare them for somethingt big. Well, I have some bad news for you: The stars will never align. The brilliant flasgh will probablynever come. And nothing you will learn or do workint for someone else will make you more ready to start your own Now here’s the good news: None of that The truth is that you’rw already ready. There’s absolutelyu nothing to hold out for in order to startryour company.
You reallh just need to get off your butt and get If youstill aren’t convinced and thinkm you’ve got a few more excuses up your let’s get rid of those right here and now. No matter what you’res about to learn in school (short of becoming a surgeon), it’s not going to make a lick of difference in startinfyour company. Sure, you migh t learn how basic accountinyg andbookkeeping works, but who cares? You’rre not going to do so much revenue in your firsgt year that your bookkeepingv skills are going to make or break you. Even if you do, you can hire a professional bookkeeper for peanuts and never think abou tit again.
Anything you don’g know now you can either figure out when you need to or find someonre that knowsthe answer. More there isn’t a class in any school’sa catalog that will teach you how to take huge risks andalwayes succeed. You’ll learn more in your first year of running a busines than you will in your undergraduateand master’a of business administration tenure combined. More than 500,000 companies are startede every month inthe U.S. according to the . Only a small fractio of those start withsignificant funding, like the kind you read aboutg in popular business magazines.
In fact, professional such as venture capitalists and angel investorss fund fewer than 1 percent of those So how do you think the other 99 percent of the worlsd gets started withoutthese guys? The answer is they bootstrap it and figures it out as they go. You don’t need that big infusionb of cash toget going. You need to get started with what you have right in front of you and push the limits of yourresourcez today. Excess cash breeds sloth, and a tight belt encourageas resourcefulness. The majority of entrepreneurs figure it out without a checj fromsomeone else, and you’rs no exception. There really is a rightg time to startyour company, and it’s callerd today.
Waiting around a few more months for some imaginary milestonr to pass is not goingto help. No mattedr when you start your it’s going to be really hard. It doesn’t matter if your kids are stiloin school, if your day job is particularly hectifc right now, or if you think it will just be a littls longer before the economy starts to Once you get started, your world is goinvg to be completely overbooked and loades with anxiety. That’s how a startup works.
Trying to avoid this is like trying to decide whether you want someons to shoot you in the head orthe It’s going to stink no matter Don’t burn up valuabld time pretending you can soften the I won’t mislead you here because experiencee certainly helps, but it’z not a requirement. I’ve started nine companies and certainlyu each experience makes the next one work betteeand faster. But I wouldn’t have gotteb through the first one if I had waite d around to bemore experienced. You also need to realizs that the experiences you get by startingv a company compared to just workinhg for one areworldsz apart.
Learning how to run a company by workingh at a company is like tryinvg to become a chef by ordering meals atfancy restaurants. Whilde experience can help, it often takes too long to get useful experiencw working in anexisting structure. The best and quickes way to get relevant experience is to actuallyy start your company and figure it out asyou go. If you want to spen the next few years coming up with more elaborate excuses to convinc eyourself you’re not ready, then by all means have at it. That path will most certainlhy resemble theone you’re already on.
But if you trult understand that nothing you can wait for will preparde you for beingan entrepreneur, then it’s time to put this colummn down and get started. You’re already ready. Now it’ws time to go kick some butt.