Every person in the world, at one point or the other, dreams about starting a business. It is one of those dreams that everybody dreams, some more secretly than others. It is right up there along with becoming a movie star and winning the lottery. But the dream of starting a business can actually be more realistic than winning the lottery.

Starting a business from scratch and making it work is hard work but not so hard that only a few can do it. The reason why we have so few entrepreneurs is because most people never actually try. Even those who have a viable business idea, fail to start a business because they procrastinate for too long.

Here are four tips to help you stop procrastination and take your idea to the next level:

  1. Act now. If you have a truly original and great idea about a business, rest assured that at least 10 other people in the world have got the same idea. The one who acts and acts fast will be the one making a profit. So if you think you have a great idea, don’t wait for anything else and start working on it.
  2. Start by doing your research. Doing research is not the same as starting a business so there’s nothing to be afraid of. You just have an idea that you are exploring further by researching the market. Find out if a product already exists similar to yours. Find out what kind of market your idea will be aiming at. Find out how much capital will be required. This is the phase where you’ll find out if your great idea is truly great.
  3. Set realistic expectations. When you do careful research, you’ll be able to set realistic expectations about your business. Will it just be a part time thing that will generate a little extra income or will it be a full blown business? How much do you expect to earn? What kind of life do you think it will lead to? Answer these questions for yourself.
  4. Make a business plan. Even if your business is a small one, it makes sense to make a business plan before you start out. It doesn’t have to be a complicated document. All you need to do is write down your goals and expectations and what you want to achieve by doing this. Calculate the capital required and plan how you are going to go about it.

These four steps form the pre production phase of starting a business. You don’t need to commit to anything and so it shouldn’t be scary. All you are doing is exploring an idea. All this doesn’t even require a lot of time and effort. Do it in the evenings after work or on the weekends.

By doing these things you’ll get a clearer picture of what you want. You’ll be motivated because you would have taken an idea and turned it into something that actually seems viable. And by doing the research and making a business plan you would have tackled a lot of the fears that stop others from ever trying to start a business. You will still have a long way to go but at least you’ll have started and the road will be clearer to you.

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