A Beginner’s Quick Guide to Starting a Business (Episode 118)

Updated: May 25, 2022

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What you’ll hear in this episode:

In this episode, I gave business tips for first-time entrepreneurs.

Particularly, I discuss why you should start a business even if you have zero knowledge about entrepreneurship, and why you shouldn’t be afraid to fail.

Moreover, I shared my strategy on how I discover profitable business ideas.

Excerpts and Highlights:

Everyone can be an entrepreneur. You don’t need an MBA. You don’t need experience. You can start a business anytime and anywhere. And yes, even if you have no idea what you’re doing.

Starting a business is relatively easy. Managing a business and making it grow is a completely different story.

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  1. Excellent Podcast, loaded with good advise for those ready to take the plunge into a business. If you are considering something that is scalable, starting small with a “test run” is a good idea. With out first venture, I was so convinced of how “bullet-proof” Beautiful Bride’s plan was, I wanted to jump in on a large scale. She was reluctant to do so. Beautiful Bride always has a BIG fear of loss, especially with someone else’s money. We compromised and I handed her about $2,000.00 USD to go do a test run. I assured her that amount will have minimal effect on out yearly budget if the worst happens. We have never looked back, even emerging from the “great pandemic” of 2021 running strong after a brief shutdown by Government request. Guys & Gals, ALWAYS start with a solid business plan, review it “until the cows come home” and then perhaps have a “PRO” review your plan.

    Fitz, loved your RR example. Packard Motors used the slogan “Ask the man who owns one.”

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