Starting a business is a risky venture, for sure. But if that’s something that you’ve always wanted to do and you’re passionate about your idea, don’t let your fears holding you back. We all have fears and hence we all have excuses…to rationalize our fears. As they say, the only good is knowledge and the only evil is ignorance, the best way to overcome our fears is through research and education.

– Google: Yes Google. For whatever you don’t know, simply type in your question and/or keywords in Google and find all the information available.

– School: A few classes at a local business school.

– Organizations: SBDC, Chamber of Commerce and many for profit and non-profit Organizations are out there helping small businesses and entrepreneurs.

– Mentor: Most successful people know the value of having a “coach”, and that’s why they have one. Consider hiring a small business Advisor/ Expert/ Coach to help you find your way to entrepreneurial success.

2. I’m too busy right now: Aren’t we all busy? Starting a business takes a lot of time, but if all you’re doing is waiting for the right moment to come along, then it’s never going to happen. The right time may be right now, consider:

– Start part time: How about devoting a few hours every weekend or evenings?

– Virtual Assistants: How about hiring some help to help you do the initial research and homework for you?

3. I don’t have enough money. Do any of us ever have? You do not necessarily need thousands of dollars to make it work. Consider:

– Bootstrapping: Finance your business with a little efficiency and your own resources. This is the quickest way to get your business off the ground. The best part with the small start, the losses are bearable in case you fail.

– Family, Friends and Colleagues: Think about it, may be someone in your family, friends and colleagues also wants to start a business and isn’t because of some other reason, How about finding that person and shaking hands for a joint venture.

– Bank & SBA loans: Banks and SBA (Small Business Administration) have many financing options. Obviously, you need more than just an idea to get such financing. You may want to do proper homework and write a business plan at the very least before you reach out to a bank or SBA for loan.

Remember, a good idea isn’t just enough, it needs good execution to be a successful business. Do your homework and research before diving into the entrepreneurial waters.