Entrepreneurship Getting Started
Below is a MRR and PLR article in category Internet Business -> subcategory Web Hosting.
Entrepreneurship: Getting Started
Introduction
Starting and growing a business can be a remarkable journey. I founded my company, EMJ, from the trunk of my car?"a truly "small" business. Over time, I expanded EMJ to achieve $375 million in sales before selling it to SYNNEX. Currently, I am the CEO of a $1 billion enterprise. My blog, [jimestill.com](http://jimestill.com), receives numerous comments and questions. I'd like to share one insightful question and my response.
The Question
"I've been working in a field I love as a hobby for many years. While I've had many exciting ideas, I often lacked the resources to bring them to life. I thought age was a barrier, but even with a good job, I still face the same challenges. My recent project identified a need through my experience with websites. I reached out to over 130 similar sites and received interest from 20, but they generate more traffic than I can manage. How can I handle an idea that's more than I can manage? At 23, it's tough to make the leap from my well-paying job in another industry. Thanks for your time."
My Response
1. Embrace Risk: There's never a perfect time to start. Entrepreneurship involves risk. Sometimes, you have to jump in. Keep in mind my mantra: "fail often, fail fast, fail cheap." Always consider the downside.
2. Resourcefulness: Being under-resourced can be an advantage. It pushes you to be more resourceful and encourages a lean, competitive approach.
3. Right-Sized Opportunities: Seek opportunities that fit your current capacity. A $100,000 opportunity can be ideal when you're starting small. Larger companies often overlook these opportunities, giving you space to thrive.
4. Narrow Your Focus: If an opportunity feels too big, narrow your scope. Instead of being the largest bar code equipment seller, specialize in bar codes for specific industries, like warehouses.
5. Consider Partnerships: Sometimes, sharing is more beneficial. Owning a smaller percentage of something valuable is better than owning 100% of an unfulfilled idea.
6. Ideas vs. Execution: Ideas are common; execution is key. It's like seeing one restaurant with lines out the door while another goes bankrupt. Success is in execution, not just ideas.
7. Action Over Hesitation: Many people almost start businesses but aren't successful. Remember Nike's slogan: "Just do it." Acting now is crucial, as time is the enemy. Someone else may share your idea?"but execution will set you apart.
Conclusion
Starting a business involves challenges, but with the right mindset and approach, you can turn your ideas into reality. Embrace risk, focus on achievable opportunities, and act decisively. Success favors the bold and resourceful.
You can find the original non-AI version of this article here: Entrepreneurship Getting Started.
You can browse and read all the articles for free. If you want to use them and get PLR and MRR rights, you need to buy the pack. Learn more about this pack of over 100 000 MRR and PLR articles.