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Last week, I joined a friend of mine to visit his cousin who became a professional athlete at age 18. \u00a0Twenty five years later, the cousin has aspirations of owning his own business and bringing the \u201ccool\u201d factor back to the sport. \u00a0He says that the sport has gone corporate, and he has some great ideas of how he can generate a lot of revenue while bringing an old school vibe back. \u00a0This included customized equipment, cool apparel, and school & training programs. \u00a0Everything sounded solid, and I later found out that he has been discussing this same plan for the past five years.<\/p>\n
When I had asked why he hadn\u2019t started his own business, he replied in one word \u201cFEAR\u201d. \u00a0He\u2019s now a father of 3 and a husband. \u00a0He works for a corporation, and generates a salary. \u00a0My friend believes in his cousin, and has offered to fund the start up, but yet he hasn\u2019t pulled the trigger.<\/p>\n
When I\u2019ve spoken to others who want to start their own business, I hear similar verbiage. \u00a0They don\u2019t know if they will fail, and they are comfortable with their steady income and benefits.<\/p>\n
My feedback is simple: What is the worst thing that is going to happen if you start this business, and it doesn\u2019t work out? \u00a0Typically, the new business venture is something that they are talented in or they are experts at in their current job. \u00a0I believe the worst thing that can happen is that they would have to go back to their job or get another job. \u00a0Sure, there may be loss of time and money, but if you don\u2019t even give it a shot, how will you know?<\/p>\n
I do believe writing down a business plan is important. \u00a0It should be deliberate, but doesn\u2019t need to be a huge endeavor to create. \u00a0This will provide a guideline as you work your way through the process, and regular reviews can keep you on track. \u00a0This includes how much you\u2019d like to invest into the business, what kind of clients\/markets you will be involved, and why you are doing this. \u00a0Check out this guideline: \u00a0http:\/\/theeverygirl.com\/what-to-include-in-your-business-plan<\/a><\/p>\n Call to action: \u00a0What\u2019s holding you back from living the best life you envision? \u00a0First, let\u2019s write it down, do a little due diligence and pull the pieces together. \u00a0Go slow or go fast, but do something to live a life that you are passionate about.<\/b><\/p>\n <\/p> <\/p>","protected":false},"excerpt":{"rendered":" Last week, I joined a friend of mine to visit his cousin who became a professional athlete at age 18. \u00a0Twenty five years later, the cousin has aspirations of owning his own business and bringing the \u201ccool\u201d factor back to the sport. \u00a0He says that the sport has gone corporate, and he has some great<\/p>\n Read More<\/div><\/div><\/a>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[13,12],"tags":[],"class_list":{"0":"post-476","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-empower","7":"category-enlighten","8":"entry","9":"has-post-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p3sJ0Y-7G","_links":{"self":[{"href":"https:\/\/drkareneng.com\/index.php?rest_route=\/wp\/v2\/posts\/476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/drkareneng.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/drkareneng.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/drkareneng.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/drkareneng.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=476"}],"version-history":[{"count":1,"href":"https:\/\/drkareneng.com\/index.php?rest_route=\/wp\/v2\/posts\/476\/revisions"}],"predecessor-version":[{"id":478,"href":"https:\/\/drkareneng.com\/index.php?rest_route=\/wp\/v2\/posts\/476\/revisions\/478"}],"wp:attachment":[{"href":"https:\/\/drkareneng.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drkareneng.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drkareneng.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}