Lack of cash.
Lack of clarity.
Lack of confidence.
I suppose another reason could be they just don't feel like it. But if that's not the issue, and you want to start a business, I'm going to quickly eliminate the other barriers to entry referenced. The best part? You can do so without learning any new skills or setting up a fancy website. All you have to do is implement one or all parts of my A.C.T.I.O.N. business ideation model.
THE A.C.T.I.O.N BUSINESS IDEATION MODEL
AUDITS
CONSULTING
TRAINING
IMPLEMENTATION
ONGOING RETAINERS
NEW OPPORTUNITIES
It's a clear process for you to monetize your knowledge as an entrepreneur or side hustle. You'll be surprised to learn how quickly you can start a business based on the experience you already have or can develop in a short period of time.
This article should take you about seven minutes to read and you can be ready to start generating revenue in as little as one week.
Take a self-inventory
The first step is to do a self-inventory of all the jobs you've had in your career. This includes paid roles as well as volunteer opportunities. You may find it helpful to review your resume or LinkedIn profile.
Then, write down all the tasks you've performed during those roles and assign them to various zones of competence.
Zone of Incompetence: You don't do these tasks well.
Zone of Competence: You can do these tasks but may not enjoy them and other people are better at them.
This story is from the Startups July 2022 edition of Entrepreneur magazine.
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This story is from the Startups July 2022 edition of Entrepreneur magazine.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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