Monday, October 24, 2011

It’s a leap of faith

Take the chance - it might all work out


There is no getting past the fact that setting up any business is a leap of faith.

The only person who can make the final decision is you. Either you believe it will work or it won’t.

If you believe it will work you will at least try.

If you have seen others succeed at something similar, then you know that it can be done, you just have to do it yourself.

If you are launching a new product or service then your leap of faith is bigger. The current ‘lean startup’ paradigm is to test the leap of faith type assumptions in your business model to find out what works and what doesn’t.

I know many of you out there have been playing with the idea of setting up a business for years now.

Here’s what I say to you.

There is no guarantee of success – but conversely there is no guarantee of failure. All you can do is set yourself up so that you are able to incrementally change your business to meet what the market actually wants, and then grow.

If you have picked too small a market, or your timing is bad, then you’ll have to decide whether to stick with it or to sell out.

If you have faith, then back yourself to give it a go. It will be stressful, it will be difficult, it will also be exciting and you will gain a lot of satisfaction. A couple of years from now you will look back and wonder why you didn’t do it earlier.

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