5 Things To Do If You Want To Start A Business Without Going To Business School

Didn’t go to business school? No problems! Nowadays resources are everywhere – you can easily start and run a successful business without going to business school.

5 Things To Do If You Want To Start A Business Without Going To Business School

You have heard of Bill Gates (founder of Microsoft) and Amancio Ortega (co-founder of the fashion brand ZARA), right? They both have successful businesses, even empires and have never been to business school.

You don’t need the formal college education but you need to play smart. That said; if you have the time and resources to go to business school, go for it.

If you don’t want to business school, however, and want to dive right into the business, here are the

5 Things To Do If You Want To Start A Business

1. Research

The lack of research is the biggest reason for small businesses to fail. Research starts with legal – what will you need to set up the business that you want. Then you should turn to financial research – how much will it cost, and third – carry out a marketing research – does someone need what I am offering?

Research is important and can save you a lot of money! Businesses with mindset “build it and they will come/build it and we figure it all out” are not the most successful ones.

2. Education is still key

Business school and business education is not the same thing. Business startup courses are extremely useful and actually quite brief.

Your local entrepreneurship office is most probably offering a few seminars and courses. In addition, take the time to sign up for basic accounting and legal courses. These are the two areas where mistakes cost you a lot!

The least you can do is get a book on starting a business and read it on your free time. Get familiar with what it takes to own a business before diving into it.

Need a book on starting a business? Download here. 

3. Connect

Find other entrepreneurs around you and join their community. Those can be clubs, meetings, seminars and other events where you can learn that your problems are not only yours. Entrepreneurial communities are priceless in terms of exchanging knowledge and resources.

4. Sign up for a course

Many entrepreneurs feel like they have no idea where to start. Taking a course in entrepreneurship, business law or marketing will give you the confidence that you are not in completely unknown waters.

A suitable course will cover the establishment of a business, current trends and developments in the industry or just some leadership or people skills that you will need in your role as a business owner.

5. Consult your local government

We already mentioned above that it’s smart to consult your local small business office for advice and resources. Their goal is to help you succeed (more businesses=more taxes for them). Trust them and follow their advice on best practices especially when it comes to rules and regulations.

You see, nowadays you don’t need to go to business school to start a business – resources are everywhere. Yes, it might be easier if you have the right expectations and tools that you get via your education but is that worth years of your life?

The better option is to learn in the process. The trick is to find the balance between coached learning and practical learning.

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