Woman with fingers in her ears
Posted July 28, 2014
| Updated May 23, 2022

6 Pieces of Advice You Shouldn’t Listen to When Starting a Business

It’s funny how when you hit a certain milestone in your life, everyone’s there with unwanted advice. Like when you are expecting a baby. Getting married. Or starting a business.

Now, I appreciate advice as much as anyone, but there are certain pieces of advice that I could have done without when I started both of my legal filing services. Here are the ones you can ignore.

1. Find the Right Time to Launch

Folks, I’ll be honest. There’s no ideal time to launch your business. Life will always get in the way. And if you strive for perfection before you even reveal your products to the world…well, you’ll be waiting a long time.

Instead, be okay with imperfection. The faster you start your business and get your products out there, the sooner you can get feedback from your customers and go back and improve your offerings.

2. Quit Your Job

This is a rather absolute piece of advice, and can’t be applied to every wannabe entrepreneur. The question is: do you have enough money to quit your day job? You’ll need 6-12 months of savings to cover both your personal expenses and your business expenses.

You might be better off starting your business while you continue to have the security of a steady paycheck. Then when finances allow and you’ve got a steady customer base, cut the cord.

3. Expand What You Offer

In fact, the opposite is actually true. The more you narrow your products or services, the better you’ll do. While it might seem that offering more things to more people would increase sales, what it actually does is dilute your efforts.

Do a couple of things, and do them really well. You’ll become known for that.

4. You’re the Only One Who Can Do Everything Right

Actually, you’re more likely to get in your own way. Sure, when you first start out, you do everything out of necessity. But then you get busy. That’s when you should start hiring help in areas like marketing, accounting, design, and admin.

5. Do What You Love

Most newbie entrepreneurs don’t realize that, yes, while you start your business because you love this thing, this industry, this activity, after a while you usually end up not doing it. Let’s say you love to cook, so you open a restaurant. But after a few months, you’re so mired in administrative tasks that you don’t have time to cook. So you hire a chef.

You’ll still be in a field you love, but go into starting a business with open eyes and realize that you may be behind a desk more than anything else.

6. Enjoy Your Flexible Schedule

Again, there is truth to this for many business owners, but if your customers want your products during the hours of 10 to 5, that’s when you should be open. No one likes coming to a retail store that’s got up and down hours. Stick to what your customers expect.

Want my advice? (I’m smiling as I write that) Listen to all advice, then take it with a grain of salt. Apply it to your specific case, and take what you can from it.

<a href="https://www.corpnet.com/blog/author/nellieakalp/" target="_self">Nellie Akalp</a>

Nellie Akalp

Nellie Akalp is an entrepreneur, small business expert, speaker, and mother of four amazing kids. As CEO of CorpNet.com, she has helped more than half a million entrepreneurs launch their businesses. Akalp is nationally recognized as one of the most prominent experts on small business legal matters, contributing frequently to outlets like Entrepreneur, Forbes, Huffington Post, Mashable, and Fox Small Business. A passionate entrepreneur herself, Akalp is committed to helping others take the reigns and dive into small business ownership. Through her public speaking, media appearances, and frequent blogging, she has developed a strong following within the small business community and has been honored as a Small Business Influencer Champion three years in a row.

Explore More Blog Posts

Do I Need a DBA If I Use My Own Name?

Do I Need a DBA If I Use My Own Name?

A Doing Business As (DBA) name—sometimes called a fictitious business name, assumed name, or trade name—is necessary when conducting business under a name other than a company’s legal name. DBA laws help protect consumers by ensuring the public has a way of knowing...

How to Find a Registered Agent for Your LLC

How to Find a Registered Agent for Your LLC

If you have a Limited Liability Company (LLC) or other business that’s registered with the state, you must have a registered agent designated to receive legal correspondence and other documents on its behalf. If your LLC operates in more than one state, you’ll need a...

The Best States to Form an LLC for Privacy

The Best States to Form an LLC for Privacy

For various reasons, people sometimes want to form a business while keeping their identities private. That can be accomplished by registering an anonymous LLC, sometimes called a private or confidential LLC. States that allow these types of LLCs do not publicly...

Subscribe to Newsletter

Practical business and financial insights, lessons, perspectives, and know-how brought right to your inbox.

Thank you for subscribing!

100% satisfaction guaranteed or we will refund 100% of our service fees with no questions asked!