Ep. 121 THERE IS NO PERFECT STARTUP BUSINESS STRUCTURE AND YOU CAN CHANGE YOUR MIND

When you are thinking about starting a business, the choices can be overwhelming. Do I go it alone or bring in a partner? Should I start as a company or a sole trader?  

You’re so scared to get it wrong that you hesitate starting. You’re so worried about making the wrong choice that you do nothing. Or you lie awake at night losing sleep over what might happen in the future.  

Stop it!  There is no set structure to how a business startup looks.  

Sole trader. Solopreneur.

Small group business Partnership Co-operative World-dominating conglomerate 😉 

 The choice is yours. And what you choose today doesn’t have to be your choice forever.  

Ask yourself this question ... 

How do I feel about the idea of managing other people? This is one simple way of choosing your starting point.  

Here’s another question ... What can I delegate? Get the stuff you hate off your plate so you can focus on the bits you love. This will help you maintain your energy, avoid burnout, and let you focus on the right kind of growth.  

You can start your business in one guise and grow into another. Or your can go full boar to start with and then decide to downsize. You can start as a sole trader and then become a company (that’s what I did). You can do everything yourself or you can hire team. Or you can start with team and then decide to go it alone.  

No one is going to take your first born child if you change your mind.  

No one is going to put you in the stockade for trying one option then choosing another.  

This is my point about business growth ... Growth is not just about how big your business gets, it’s also how you grow as a business owner. How you learn what works best for you.  

It takes time to grow into your business ownership role. It takes time to learn what works for you and what doesn’t.  It takes time to try things out, make mistakes, learn from those, incorporate that learning, and try something else.  

Above all, there is not one-size-fits-all perfect model of business. It doesn’t exist. So stop looking for it and get out there and try. Something. Anything. Just try!

Much love,

Tess x