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How to start a small business

If you want to know how to start a small business, the honest answer is to start smaller than feels comfortable. The passages below show how to test the idea with real people before you spend money on it.

How to start a small business: what the books say.

Run surveys to better understand what your target market needs and wants. Hold focus groups to talk about your ideas and get direct feedback. This lets you gather useful insights and test your concepts before spending big time and money.

From I Want to Start a Business, but I Don't Know How, chapter 1

I had always believed that studying a master’s program in the United States was only for billionaires. However, during a meeting, I met someone whose job was to help students get into the world’s best universities. When I mentioned my dream of studying at Harvard, he told me it was possible, even without money, as long as I had the necessary intelligence. That day, my life changed.

From I Want to Start a Business, but I Don't Know How, chapter 7

Your J column is longer, and it's the same word every time. A person, a meeting, a commute. Then you haven't learned that you should start a business. You've learned that one identifiable thing is costing you a great deal, and you've now got to ask whether it's cheaper to remove that thing than to remove the whole job.

From I Want to Start a Business but I Can't Quit My Job, chapter 6: You are guessing how it will feel, and the guess is wrong

These passages come straight from the books. So, if one of them speaks to you, read the full chapter. It goes further, and it ends with a practical exercise.

Check your runway before you quit.

Enter four numbers from your real month, in any currency. The check shows how long your savings would last and whether the business can carry you yet.

Has a stranger already paid you for it?

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Read more about how to start a small business.

Finally, I Want to Start a Business, but I Don't Know How goes deeper into how to start a small business. Therefore, it is the natural next step. You can read it or listen to it in the stores below. It is also available in 13 languages.

How to start a small business: cover of I Want to Start a Business, but I Don't Know How by Diego Segura