Start Before You're Ready: Advice From 4 Established Entrepreneurs
By Jaclyn Mullen, entrepreneur.com, COO, Jaclyn Mullen Media
Last year, my piece, “Start Before You’re Ready, Really” took
off online and was shared over 3,000 times on Twitter by entrepreneurs
from all over the world. Tweets came in from Italy, parts of the Middle
East and both North and South America. And I noticed that, despite
borders and language barriers, the issues I'd addressed -- facing fear,
having faith and moving through "analysis paralysis" -- were universal
truths
for entrepreneurs at all levels.
That bolstered my argument that “ready” is a myth.
Each
milestone and level of your business will bring about many starts,
stops and detours, rather than one steady level of success. To help us
take action toward our goals, whether any of us feel “ready" or
not, I’ve collected the advice of and encouragement from four
established entrepreneurs in businesses ranging from food and beverage
to publishing and podcasting.
On taking a leap of faith
Kirk Wiles, Founder, Paradise Springs Winery
“You
never work harder then when you work for yourself. Ask yourself, "How
passionate am I about what I'm about to do? Can this idea grow to a
scale that it can support me financially and a lifestyle I want to lead?
Is this something I am going to continually be passionate about down
the line? So many people say they will take the risk and try to
calculate every step along the way of how it’s going to play out.
"Just
take the leap of faith; you don't know where you're going to land. That
said, research is essential. Learn how your industry does it, know the
typical norms and understand how other people avoided 'fatal' flaws that
may have come up. Visit like-minded businesses, look at brands on the
shelves and in restaurants, and immerse yourself into your industry’s
culture by joining associations.”
On the need to have “enough” experience, and maintaining confidence in your unique selling proposition.
Freya Estrellar, Cool Haus, Co-Founder
“We
have a saying we share with other entrepreneurs -- you can walk through
a wall when you don't know it's there. When we started Coolhaus, we
were 25 and had zero experience in the food industry. Coolhaus really
started off as an art project born out of my co-founder Natasha’s
architecture thesis project called Farchitecture (food+architecture)
that went viral. We could have dropped the whole architecture angle when
we started selling our packaged ice cream sandwiches, pints and bars in
grocery stores (now in 3,500 stores nationwide), but we feel that the
design aspect is a huge part of our heritage and authenticity and it
definitely makes us stand out in the now crowded artisanal ice cream
space.”
Moral of the story: experience isn’t always a requirement but confidence is essential.
On building your audience
Erica Nicole, Founder and CEO of YFS Magazine
“It’s
not uncommon for entrepreneurs and small business owners to pour a
substantial amount of time and energy into creating content, only to
find that it’s not reaching their ideal customers or readers. If you’re
ready to grow your audience, first get a crystal-clear image of your
target. Then create value by ensuring your content addresses their pain
points and immediate needs. Look to sites like Quora and
industry-specific forums to shed light on their “real needs” instead of
relying solely on hypotheticals -– quality first, then quantity.”
Adding
to Erica’s tip: Twitter chats, online reviews and even blog comments
are a great way to learn more about what solutions and content your
ideal customers are looking for.
On writing, self-publishing and other creative pursuits
Srinivas Rao, Host and founder of the Unmistakable Creative Podcast. Has self-published three books to date.
“Most
people think that there's going to be a perfect time to start; a time
when their writing is good enough, will be loved by everybody, and will
lead to riches and fame. But this is an illusion, perpetuated by not
starting and by seeing the people who [accomplished these things
already]. I think that to do creative work of any kind you have to start
before you’re ready, and embrace the mindset of 'let's just see what
happens.' Anybody who has managed to get their work out into the world
likely started before they were ready.”
Sure, it’s never easy to
face the fear of the unknown and officially 'open-shop' when there are
so many variables and little guarantees. However, whether you are a lean
startup, are venture-funded or are launching a second or third
business, you'll likely find that the only way to learn about your
market, your customers, your competition and most importantly yourself
is to stop second guessing and start before you are 'ready.
If these entrepreneurs here can make it (myself included), so can you.
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