You have discovered a market need and you are convinced you have come up with a way to fill it. But after that, things get fuzzy. You don't have a clue about how to raise money, or create a website, or the thousand and one other things that all the books on entrepreneurship tell you to do.
Let me see if I can help.
Making a decision to start anything new is scary. And when you read how the experts tell you to go about it--and they advocate creating things you know absolutely nothing about, such as a writing a business plan--it seems the process is completely overwhelming.
Let me see if I can simplify things.
By asking the question "how do I start my business" you have already taken the first huge step and you have gotten far further than most people ever do.
The first thing you need to have, before you start a company, is desire. You have to really want to start your business. If you don't have the requisite desire, you won't stick with it and you certainly won't keep going in the face of all the inevitable obstacles you are going to face.
However, with desire in place, neither creating a business plan nor raising money is your next step.
If I were to reduce where you go from there to a formula it would be:
1. Act.Take a small, smart step toward your goal. What's a smart step? It's one where you act quickly with the means at hand. What you know, who you know, and anything else that's available. In other words, there is not a whole lot of planning involved. You get underway as quick as you can.
2. Learn.What seems to work? What doesn't? What are people asking you for that you didn't anticipate? What things do they think you should change or eliminate? Every time you act the universe changes. Maybe your first small step got you closer to starting a business. Maybe it didn't. But either way you learned something.
3. Build.If you pay attention, you always learn something from taking that small step. Take what you have learned and incorporate it into your thinking. Then...
4. Repeat.Take another small step. Pause after taking that one to see what you learn and so on. You keep going through the process and repeating it until you reach your goal, or you decide it is not possible or you no longer want to do it.
Act. Learn. Build. Repeat. That's the way to go instead of creating a formal business plan or doing a lot of market research.
Source: inc.com by Paul Brown