Forbes published this article How The Best Entrepreneurs Succeed: A Case Study.
Here’s their plan for success that’s PROVEN to work:
- Determine what it is you really want to do.
- Take a small step toward that goal.
- Pause to see what you learned from taking that step and
- Build off that learning.
- Take another small step.
- Pause to see what you learned from step two.
- Build off that learning….
This Act. Learn. Build. Repeat approach is one that the most successful entrepreneurs use in creating their company.
This is how a successful micro business is launched as well:
1. Start small
2. Learn a lot
3. Grow as you learn!
4. Repeat!
The case study on the Forbes article explains how a man saw a need (renting a snowmobile at a reasonable price with insurance) and researched to see if it could be a viable micro business.
He also asked customers if they would buy from him and at what price.
All things I suggest a teenager do when launching a micro business!
Shawn’s company, which takes a 25% commission for handling the transaction, is now in the the Beta phase and is looking to expand and is going to go through the Act. Learn Build And Repeat Model again.
If Shawn can do it you can too!
(P.S. My books will help!)
Carol Topp, CPA
