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Chapter Recap

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 Many self-limiting beliefs that hold would-be entrepreneurs back are based on misconceptions.

 The common idea of a “typical” entrepreneur is also usually based on a misconception. There is no single path that will guarantee success. Successful entrepreneurs come from a variety of backgrounds and take diverse paths to reach their success.

 A lack of “business skills” does not disqualify someone from being an entrepreneur—many famously successful entrepreneurs started their businesses with a lack of formal training (but having a business background certainly helps!) Two key skills to develop are self-awareness and interpersonal skills.

 Startup costs are much lower than they once were. Some businesses can be started with low financial commitments or commitments that are spread over time, and with little more than a laptop and an internet connection.

 There is no “right” time to start a business. Younger entrepreneurs have freedom of time but lack experience and a developed network. Conversely, entrepreneurs who are older tend to have more experience and developed networks but more time constraints.

 Failure is by no means the end of an entrepreneur’s journey. It is important to reframe your conception of failure as a learning tool and an indicator of progress and experimentation rather than a brick wall.

 Every new venture should take the time to construct and maintain a business plan. Business plans are important strategic documents as well as discovery, measuring, and communication tools.

Starting a Business QuickStart Guide

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