Young Dumb & Broke – Perfect Time To Start A Business

Mark emailed me with a good question last week.

“Craig, when is the best time to start a business? Should I get some experience working first? Do I need heaps of money?”

There’s probably 3 questions there but, hey, let’s not get pedantic!

Starting a business is definitely not risk free – there is absolutely no guarantee you will make more money than if you worked a job (you may even lose money!) and some businesses definitely need a fair bit of cash to get started.

But my best advice to Mark is that, if you think you have it in you to be an entrepreneur, the best time to start is NOW  – especially if you’re young, dumb and broke.



Young because you’re more risk tolerant, have less real commitments in the world and plenty of time to recover from any failures….and you know the path to biz success is littered with disappointments don’t you.

Dumb because you’re open to learning from people who have been there, done that. You know you don’t know everything and are prepared to ask and listen. We older folk (if 52 is old!) think we already know it all!

Broke because you’ll be forced to start small and push hard. Online businesses are a great place to learn about marketing, product supply chains, finance, management….everything you need to be able to successfully run a large business, but can be so small that it won’t hurt you if it fails.

Got a different view?

I’ve posted this question into the members forum for our community to share their wisdom.

Log in if you are a member. Come and join the revolution if you’re not.

Cheers

 

Craig Ridley

Founder – Your Business Coaching Club

 

PS – find out about our online community of business owners disrupting the traditional world of business coaches here.

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