Do you have to be an expert to start a business?

July 30, 2014

If you’re starting your own business for the first time, you are bound to have a lot of questions. From checking for company name availability to determining the right entity for your company and incorporating your business, there can be a lot that goes into starting a new venture.

If you’re in this position you might find your head spinning a bit from all the complex sounding acronyms. There are C corps, S corps and LLCs to choose from during the incorporation process.  You may have heard that you’ll need an EIN to start hiring employees. It may seem overwhelming, but there’s no reason to panic. Some level of uncertainty is normal any time you begin something new, whether it’s a new job or starting a new business.

Entrepreneur Joel Gascoigne, creator of social media account management application Buffer, explains his experience in an article for Entrepreneur.

Gascoigne said that when he started the company, he did not know what he was doing. However, rather than stressing about what he didn’t know, he embraced the idea that he was there to learn along the way.

As things moved along and he began to receive praise from others. His mindset changed and he began believing that he had a handle on things and knew what he was doing. Gascoigne explains that this mindset shift led to a change in the way he wrote and communicated with others.  It also took away some of the mental flexibility he enjoyed at the outset. The key takeaway was that you don’t have to consider yourself an expert to be successful. It can even help to focus on what you have to learn, rather than what you already know.

Even if you’ve started a business before, it can be a challenge to begin another new business. Every time will be a new experience with new questions and lessons to learn along the way. Whether you are a seasoned business owner, serial entrepreneur or just getting your feet wet, an online incorporation services company can be a trusted resource for all of your incorporation questions and needs.