Starting your first business requires a lot. Products to sell, employees to work, knowledge to be imparted... the list is endless. At first pass, it looks like you are going to need more experience, more time and more money than you could ever afford. Better pass up on launching your business. Squash those dreams! Trample those desires! Vanquish your vision! At least until someone miraculously hands you a wad of cash and a ton of talent. You and I both know that ain’t going to happen. No way. No how.
But if you look hard enough, there are often shortcuts that don’t require money or tremendous effort. Not to mention experience is overrated. Cash, knowledge and time are limited commodities. Instead, there are paths that are less travelled in the entrepreneurial world that will yield HUGE progress. Here are the top ten things you DON'T need when launching your first business!
You (Don't) Need a Business Degree
A business degree (particularly an MBA) may be just what you need to land that big job at a Fortune 100, but it's the last thing you need to launch your own company. After all, YOU are the boss. You don’t even need to wear your best suit and have a pretty resume to get a job working for your own company.
Instead, running your own business (no matter how big or small) will be a constant source of new experiences and new knowledge. There is truly no better way to learn than just DOING IT!
No question, many arguments can be made for having a degree, even if you are running your own business. But when it comes to starting up, you will save HUGE amounts of money (think tuition, room, board, and time to work) by just going out and getting started. Skip the degree for now. Five years later you can go back to school and actually afford it! Chances are you'll be the best student in the class. Heck, you’ll probably know more than the professor!
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