There are many types of businesses you can do, you can work from home, online, buy a shop, direct sales or multi level marketing. I have done a couple of MLM business as I wanted my own business. These were great businesses and I wasn’t scared doing these businesses. Although there were scary things I had to learn like pick up the phone and ring people, follow up, ask for sales or parties. Those things scared me. But a startup business from scratch is a whole another ball game in terms of scary. So why is a startup business so scary?
A startup business has 5 huge scare points (no this is not Monster Inc).
You will fail miserably.
You’ll put your heart in soul into what you are doing. You want to succeed, you think you have a good idea but what if you start your business and it’s a complete and utter flop and you have to shut up shop. There are two massively scary things about this 1. you have to go back to your job and 2. you’ve failed. When I stopped my MLM businesses I didn’t really feel like I failed as I felt it was time to move on. The businesses were good but not really my passion. Plus it wasn’t my idea and I wasn’t the founder. Being a founder you are doing it all from scratch, the colours, the logo, the flyers, the admin, the sales, the lot. It’s all your ideas and work. This is scary what if you get it wrong.
You will lose all your money.
Big, actually huge factor. What if you lose all your money? Or even worse your house? Have you seen Gordon Ramsay’s Hotel Nightmares?? I mean some of those terrible hoteliers lose $100 000’s of dollars in bad businesses. They are complete nutters who are dysfunctional which assures me I can’t be that bad. But there is always that worry in the back of your head.
You don’t have enough time.
Being in startup there is so much to do and you have so many big ideas. Like the old Chinese proverb says “The journey of 1000 miles starts with one step”. If I keeping making the steps then it will eventually come together. I have to remember I don’t need to sprint, a walk is ok and I will get there in the end. Also there is never enough time to get it all done. If you are a mum start up like myself you are stealing time from everywhere to get your stuff done. It’s a bit like teaching there is always something to do. This leads to my next point. I could outsource but……
You don’t have enough money.
Some people have lovely angel investors (you can contact me anytime angels), rich hubbies, or sponsors. Some of us don’t. I’d love to outsource some of my work while I get going but can’t. I will as soon as I can. One of my wonderful business buddies who runs Cherish Cherubs Babysitting who has slowly built her business to be a fantastic successful business gave me a great piece of advice. Keep doing it yourself until you absolutely have to then get people or systems on board. Don’t pay for things you don’t need yet. AWESOME. Thanks Suze.
You don’t know anything about business.
Lastly you don’t know anything about business. It’s a long and steep learning curve. There’s lots of learning and so much to get through if you want to be successful. Like anything the professional development road is never ending. I am loving the learning and really starting to gain confidence in what I have learnt. Not only am I gaining confidence in business but bring my prior professional skill set to the table is a huge help. Even if you know nothing you can learn it.
So now you now why is a startup business so scary. My advice GO FOR IT. If your not sure what you want to do. Have a think about what is your passion? If you could go back to school what would you do? What do you regret not doing? That will help you focus on what you could do.
And in the end, you know what, if you do fail you have learnt heaps which will undoubtedly take you to the next business or project you are suppose to work on.
Happy Starting up.