For many idea-havers and aspiring entrepreneurs, the biggest obstacle to starting their own business is the time investment. However, when you break it down piece by piece, you might find that your new business is closer than you expect. Let’s take a look at how long it actually takes to start a business.
Nailing Down the Basic Details
Rule Number 1 when starting your business: think, but don’t overthink. Some starters get lost in the details, spending hours, days, or even weeks on small processes such as:
- Choosing a name for your business.
- Ironing out the details of ownership and management.
- Getting your business online.
Take it from multiple-time entrepreneurs: you can start your business without having everything figured out. In fact, working out the details is a valuable part of the process. When you break it down one step at a time, you’ll find that it’s much less complicated and time-consuming than it may seem at first.
Ultimately, you can solve most business snags in less than an hour or two—especially with the right tools and resources on your side:
Sorting Out the Legal Aspect
Once you’re ready to get started, there are a few legal hurdles you will need to get over. For many starters, this is the most daunting part. However, this piece can actually be relatively quick and simple. Chances are, you probably don’t even need a lawyer
The Financial Side of Starting a Business
There is a financial paradox you might face when starting a business—You need money to grow your business, but you can’t make money until you grow your business.
Many aspiring entrepreneurs translate this into, “I need more time before starting my business.” But that is probably not the case.
Thankfully, you have a few options that can help get you up and running:
Business loans: Many starters turn to business loans to cover their upfront and overhead costs. The application process often takes less than an hour.
Starting small: You probably don’t need a lifetime of savings to start your business. Many start-ups can work on a smaller, more affordable scale in the beginning and grow as they go.
Smart spending: How much does it cost to start a business? For most entrepreneurs, it is more affordable than they think when putting their money to good use.
Friends and family: You might find friends and family eager to support your new business.
So How Long Does It Take To Start a Business?
The truth is, it can take just a few minutes to start your business. While you may need a little longer to launch and grow your new company, you can start any time you would like. In fact, nothing is stopping you from starting right now.
It may have taken you more time to read this article than it would to find a business name using Startomatic’s name generator tool. Or to customize a logo using the Logo Creator tool
. You could even have your unique Twitter
handles selected by now!
Are you ready to get started? Startomatic is here to help. For just $99 a month
and no long-term commitment
, you can access all of the tools you need to launch and maintain your business. Startomatic can also save you tons of time with our tools, guidance, and support. Get started risk-free today
with a 2-week Startomatic trial!