5 Myths Keeping You From Starting Your Business

5 myths keeping you from starting your own business.
www.nicolevasco.com

Becoming an entrepreneur or a mompreneur has become trendy – ditching the 9 to 5 grind for a flexible schedule, no salary cap, work life balance and seeking a life of time and financial freedom has become the cool brave thing to do. You may have had the itch to jump aboard the entrepreneurship train too but have been fearful and hesitant. I don’t blame you for being cautious. Working for yourself and starting a business or side hustle is not for the weak of heart. It takes a lot of belief in one’s self and the discipline to sit down and actually do the hard unsexy things you don’t see on Instagram.

Despite its challenges, starting your own business can be life changing! If you are here reading this blog post then there has been a call on your heart and in your spirit to move in this direction and I want to be right there beside you encouraging you, motivating you, and supporting you!

So let’s bust those 5 common myths that’s holding you back from your dreams.

It’s not about ideas. It’s about making ideas happen.

Myth #1: My business idea/product/service isn’t good enough

You have a brilliant idea and you are so excited to share it with the world then one morning you wake up and self doubt has crept in and now you are questioning your idea, product, service, and entire business. This happens all the time. The fears you entertain in your head will make you second guess your brilliant idea. Well having a great business idea isn’t the only thing you need to be successful but it’s a good start. So how do you know you have a great idea.

Ask yourself six questions:

  • Will my idea make a difference?
  • Does it solve a problem?
  • Do my peers ask for my advice on this topic frequently?
  • Am I passionate enough about it?
  • Will people pay for it?
  • Is it in a sizable niche market?
"Never start a business just to make money. Start a business to make a difference." -Marie Forleo Click To Tweet

Myth #2: I don’t know how to [insert skill here]

Alright, not knowing how to do something is a legit concern for being hesitant to wanting start a business or a side hustle. Not knowing how to start a blog, not knowing social media, not knowing technical stuff, not understanding sales or marketing, these are all things you need to know to run a successful business. But these are all things you can learn. Repeat after me, “I may not know how to [insert skill] but I am committed to learning it for my business. That’s all. Everything we know in life we were taught and business should be thought of the same way. We are blessed to live in the internet age where you can find answers to all your questions. You can take an online course, sign up for free resources to learn about your specific topic from top leaders in that field or you can seek out mentorship or business coaching to develop those skills you are lacking. I didn’t know how to properly set up a blog and monetize it without my business mentor and the courses I have invested in and now I do. Every skill will take time to learn but if you feel you were called to work for yourself then this will not stop you only groom you as a business owner.

Myth #3: Starting a business is time consuming

Starting a business is an investment but it doesn’t have to be a huge investment up front depending on the type business. You may need to money to start your website, purchase your first orders of merchandise, etc. If you have a clear business plan and friends and family who are willing to support you, ask them for a business loan or some financial assistance to get your dreams off the ground. Your business up front probably won’t have a staff to pay out salaries to and you will probably be working in your home at the kitchen table like many mompreneurs who are starting a business. When I first started with the idea of working from home, I did everything from a laptop on my couch and I did everything by myself. I did not have a dedicated office space and I did not have a team to help. I don’t recommend being a solopreneur for too long because it is exhausting and it will take longer to reach your goals, enlist help as soon as you can, and but until then it cost nothing for you to work for yourself.

"Time is a created thing. To say ‘I don’t have time’ is to say ‘I don’t want to.'” – Lao Tzu Click To Tweet

One thing about working for yourself is there will never be enough time to do all the things. So you better get use to it. You will learn time management and how to better use your time.

Myth #4: I’m not qualified

The persistent inability to believe that your success is deserved or has been legitimately achieved as a result of your own efforts or skill. This is known as the imposter syndrome. You may have heard of imposter syndrome and probably suffer from some version of your own imposter syndrome. For example, this is something I felt years ago when I started my first weight loss journey before having children. I felt like an imposter giving people advice and tips when I still hadn’t reached my fitness goals and was still learning as I do. Although people were asking me about weight loss, I did not feel qualified to talk about.

I heard a great explanation of imposter syndrome on one of my favorite podcasts, Blessed + Bossed up! In the podcast, the host said “you will never be an imposter with God’s power.”

When you feel unqualified to do something trust that you are meant to be there. That is how God operates. He often calls upon the least likely unqualified person to do miraculous things and that is because be will always equip you with what you need to do HIS will. You can check out the full podcast episode here! 

“Perfectionism is the enemy of creation.” – John Updike

Myth #5: It has to be perfect before I start

"Insecurities best cover up perfectionism. That's where it becomes an art form." Beth Moore Click To Tweet

Waiting for your business to be perfect before it launches is a slow death to your motivation and your business. No business is perfect when it launches and it’s not going to be. In business you have to anticipate trials and errors, corrections, then more trials and errors. That is the very nature of business. It grows and evolves as your mission changes, your goals change, the people you want to serve change, so it cannot be 100% perfect from the beginning. Don’t let perfection stand in your way of taking the first step to launching the next phase of your career – entrepreneurship.

Do you have a business idea that you’ve been hesitant to get off the ground? Whats the #1 myth keeping you from getting started? Comment below, I’d love to hear from you!

If you like what you read, don’t forget to share with your friends and on social media!

With love & success,

Nicole

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