Learn by Doing

The best way to learn about starting your own business is to just go ahead and do it. There is no substitute for first-hand experience. Of course, you can (and should) learn as much as you can from other people’s experiences, either through books, articles, or mentorship. But at the end of the day, you won’t really know what it’s like until you’re in the thick of it yourself.

Getting your hands dirty

This is especially true when it comes to starting your first business.
There are a million things you need to learn, from the basics of running a company to the intricacies of your chosen industry. And the only way to really learn them is by getting your hands dirty and doing it yourself. Of course, this doesn’t mean you should just jump into starting a business without any preparation. Learning about entrepreneurship and studying successful businesses can give you a huge leg up when it comes time to start your own company. But at the end of the day, there’s no substitute for real-world experience.

Julian Hochgesang

Experiment

There’s a saying in the venture business: “You’re only as good as your last deal.” If you look at it that way, you realize that every time you do a deal, it’s an experiment. The first time you do a deal, the experiment is: Can I actually get this done? The second time, it’s: Can I get it done again?
By the third or fourth time, you start to develop a feel for what works and what doesn’t. The best way to learn about starting a business is to just start one. It doesn’t have to be perfect, and it doesn’t have to be big.
Just get started, and the rest will follow.

How?

There are a few key things that you need to know in order to start your first business. First, you need to have a clear idea of what your business will be.
What are you selling? Who is your target market? What is your unique selling proposition? Once you have a clear understanding of your product or service, you need to create a business plan. This document will outline your business goals, strategies, and how you plan on achieving them. Next, you need to raise capital. This can be done through investment from friends and family, loans, or by selling equity in your company. Once you have the necessary funds, you can start to build your team. Hire people who share your vision and who complement your skillset.

Finally, you need to launch your business. Get your marketing and sales efforts underway, and start delivering your product or service to customers. Remember, the first time you do a deal, it’s an experiment. The second time, it’s a test. Get feedback from your customers, and use it to improve your product or service. Be flexible, and be prepared to pivot if necessary. And most importantly, don’t give up! Launching a successful business is hard work, but it’s also incredibly rewarding. If you’re passionate about what you’re doing, and you’re willing to put in the effort, you can make it happen.

Visit me — vorgacan.com
Check my
LinkedIn & Twitter
Co-founder at
Novus
More to come stay tuned!

--

--

--

Telling stories | Co-Founder, CRO at Novus | Visit vorgacan.com

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

The Shared Common Traits of Contraprenuers

I Have An Idea For An App

How Does An Entrepreneur Decide What To Do

What you should know about working at a startup…

Builders Recap #2 — Sparks of opportunity

Best 6 Steps To A Successful Online Business In 2019

Inspirational Women In STEM: “Be willing to think differently than everyone in the room”, With Dr.

Why I Regret Trading a Seven-Figure Career for Entrepreneurship

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
vorgacan

vorgacan

Telling stories | Co-Founder, CRO at Novus | Visit vorgacan.com

More from Medium

The first step when starting a business

Why should you start working in a small startup?

Benefits for working in a startup

Interview: Michael Youngblood on Starting Your Digital Nomad Journey and Building a Community…

How to Get a Promotion in Your SaaS Job