Ready, FIRE, aim…The pitfalls of rushing into entrepreneurship
By Isaiah O’Connor
Ever know someone that was always rushing off from one thing to another with little or no consideration to the potential consequences? They seem to be always firing before taking aim, and ever so often they are lucky and hit near the target. Well, I find this often seems to be a common trait among us entrepreneurs.
I would know. That is pretty much how I started. I went from deciding to open my own business to start in less than a month, with very little research or understanding. Sure I had some background in management and sales and understood a bit about marketing, (or so I thought) and of course, I knew a few balloon animals I thought I was ready. I had no business plan, no business model, no clue about accounting, and yet I was ready to go!
I did learn eventually with the help of a lot of books, a few courses and sage advice from friends in my industry. Being one of the lucky ones, I made it. My business has never had a down year to date and a large part of that success I deem to being a Bootstrapper. I risked very little money and I built things one step at a time. With minimal debt and low initial costs, I was able to push through the initial hardship and find success.
For further reading, you can check out my blog post on the subject, by clicking here. Ready FIRE aim.
For my previous podcast click here. Typecasting yourself
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Thanks for listening to the O’Connor Bootstrap podcast, an Atheoz business solutions podcast. you can reach out to me at Isaiah@ballongeventbyraa.com if you enjoy my podcasts please subscribe, if you are feeling generous you can find me on Patreon at Atheoz Isaiah O’Connor https://www.patreon.com/user?u=19166559 For past podcast episodes and blogs please visit our website atheoz.com thank you, everyone, and take care.
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Until next time, I have been,
Your Friendly Neighborhood Entrepreneur,
Isaiah O’Connor
