What’s holding you back?
If you could figure out what was holding you back from success, would you want to know? Most of us would, but sometimes we like to hide behind a veil that says, ‘If this were different, if that were different I’d be more successful.” or “I’d have the business that I long for and the freedom I dream of.” At How to Quit Working,, we always ask people what they think is holding them back from taking action and again and again we hear three common roadblocks. The roadblocks are:
- I don’t have an idea
- I don’t have the time
- I don’t have the money
We find it odd that we hear the same roadblocks again and again. As you read this, I wonder do you have the same concerns? The same blocks to success?
1. I don’t have an idea
Why are new entrepreneurs so caught up on the concept of having the right idea for a business? It’s commonly because they view entrepreneurship as something akin to winning the lottery. If we just come up with the next big idea we’ll be rich, set for life. It is truly amazing to watch product fads come and go.
Ideas Come and Go
One of my favorite was the pillow pet. My children have three and they drive me nuts. They are so large! Who thought that pillow pets were a good idea? Obviously, thousands and thousands of people thought they were wonderful because people bought them in droves, and now well, now you can get a pillow pet just about anywhere, but no one is buying them because we’re over it. What about the Snuggie, Hypercolor shirts (you remember the shirts that would change color when you got hot, really when you sweat, yuck!), waterbeds, Koosh balls, Chia Pets, and Beanie Babies. These type of instafad money makers create this illusion that you need to be really super creative, come up with some great solution to a problem that people have been facing for decades, or just something really different that goes viral.
The truth is MOST business owners don’t have fad type businesses. Most business owners have a business doing something they are passionate about and know a lot about. That’s it. No fancy ideas, no one big-win type of system, just a great service or product, good marketing & sales and great customer service. That’s it. If you are waiting for that one great idea before you start a business, you should stop waiting, it’s not going to come and if it does it may not work. It’s better to have 100 base hits in business than one home run.
2. I don’t have enough time
Isn’t that the most common saying in the twenty-first century? I don’t have enough time. Who does? Time management and the effect of how you spend your time are all concepts we could delve into, but at the end of the day, time is about choices. We all have 24hrs in a day. I’ve heard it said that some of the most successful people in history didn’t sleep much. I’ve also read that you need to get enough sleep to take care of your body. This morning at the gym we were having a conversation about class availability. The owner of the gym commented that there aren’t many people who attend the 5 am class. One of my classmates at the 6 am class said, “I can’t come to the 5 am class.” The owner asked why and he said, he needed to sleep. She then commented that he was choosing not to attend the 5 am class and that is a fact. If he can make it to the 6 am class he can make it to the 5 am class. That might not be his preference, but it is his choice.
Actually you do
Most of us have more time than we acknowledge. We LIKE to spend time doing things, like watching TV, surfing Facebook, watching movies, shopping, socializing and those are all great things in moderation. When you choose to start a business, you choose to let go of some things. There is nothing wrong with not having the “time” to start a business, but it means that you aren’t willing to make the sacrifices it takes to start a business. You’re choosing to remain an employee. Get honest with yourself about the choices you’re making in life. When you start a business regardless of whether you’re employed or not you make sacrifices. You can’t do it all. And when you choice to start a business you’re choosing to give up a lot of free time. Think of it as short term pain for long term gain. I’m sure you’ve heard that before, but it’s absolutely true. What are you willing to give up so that you can gain your freedom?
3. I don’t have the money
The third roadblock we hear most often is, “I don’t have the money.” Many don’t feel like they have the money to invest in the cost to start a business, they don’t have the money to buy the software they’d need, buy inventory, pay for a storefront or office, and hire experts such as coaches or accountants to help them with their business start up. If you’re feeling strapped for the capital to start your business what you are saying is that you’re merely not resourceful enough to find the capital you need. If your child were sick and you had to come up with $10,000 in the next 24 hours to save them do you think you’d be able to find the money? You could find the money. What is the real difference? When working a 40-60 hour a week job you are missing your children’s childhood. While they are growing, running, playing, and learning you’re at work. You’re missing their childhood. If I told you you were going to miss 50% of the most important moments in your child’s life if you didn’t come up with the $25,000 you needed to start a business and quit your job, do you think that you could come up with that money? My guess is yes. It’s not about HAVING enough money, no one has enough money. It’s about being resourceful enough to come up with the money you need to succeed. You may acquire that money through debt reduction, savings, venture capital, SBA loan, selling something you don’t need or asking, pleading and begging people you know to give you money. Money is available to us all. It’s not a matter of if we can get the money it’s a matter of how we can get the money. When you need the money to invest in your business or in yourself, you can find the money, it’s simply a matter of thinking resourcefully and believing that the money will come. These are road blocks, but that’s it, they are merely roadblocks. They aren’t unsurpassable. This week I challenge you to change your internal monologue. Instead of asking yourself if you could ever start a business, ask yourself when your business will start. Ask yourself how you are going to create the business idea, provide the time and acquire the money to make it happen. Don’t allow yourself an out! Believe that you can do, down deep. Not just on the surface or in words, but down really, really deeply believe that you have the passion and expertise to make your business dreams a reality.