Speaker B tests whether you actually want to start a business by trying to talk you out of it. If a stranger can convince you not to, you're not ready. He recommends hitting a free Small Business Development Center, writing a detailed plan, and honestly assessing whether your idea can make money before the 60-hour weeks begin.
Okay, so if somebody is listening and they're like, they've wanted to start a business, what would you say the first step should be?
The first thing I say to people when they do that is I try to talk them out of it.
Like, are you sure? Are you sure you want to work 60 hours when you can instead of 40?
Yes, because if I can talk you out of it in one conversation, like, you don't need to be doing this. Especially if I don't know you. If a stranger can talk you out of doing this, Like, that's, that's usually like my first thing, which I know is kind of rude, but I'm a hole poker right off the bat, which is really annoying. No one likes that guy. Um, but I try to do it in like a loving way possible, whatever. Uh, I'm lying, I just poke holes. Take that. Uh, but from then on, I'm just like, I tell people at the SBDC, you know, go make a plan, see if it makes See if it makes money. Does this business make money? Like, period. That's the— that's question number one. Every— I get so many ideas from people that I'm like, how is that going to make— how do we make money off of this?
Yeah, how are we going to make money? It's a cool idea, but it'll last 2 months because you're going to run out of money.
Exactly. So that, that's usually like step one. It's just go have a conversation with somebody, especially a free service like the SBDC, and yeah, build a business plan, check it out.
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