In the technology space it is called getting to market as quickly as possible. The aim? To get feedback as quickly as possible so that you can adapt and keep growing.
Often most of us sit in the starting blocks for way too long thinking that we are inventing “the next best thing” from the solitude of our brilliant brains. The same goes for investing. We spend too much time (and money) at our local bookshop, library or corner shop think tanks trying to master everything there is to master about the stock market before we get in. Don’t get me wrong, there is no sense in walking into a business decision completely clueless. Yet most entrepreneurs worth their salt will tell you that their biggest regret was not starting earlier than they did.
“Learning any craft turns on a few tenets that get refined with experience !” The 5 Elements of Effective Thinking – Edward Burger and Michael Starbird.
The moment you start to wonder when all the learning and studying comes together its time to dabble into the market and get feedback. Send out a prototype, a sample,buy a share and start studying your interaction with the response you are receiving from the market. Encourage feedback. In fact reward feedback. Whichever one you choose just make sure you are a student of a live simulation and not stagnant theory. Robert Kiyosaki in his “Retire Young Retire Rich” theorizes that money follows motion and I’m starting to see it all around me. Starting with my bank that advises me they’re going to close my account if there’s consistent non activity (irrespective of the amount I have parked there) to the taxi business which is unprofitable if you do the NPV (net present value calculations) yet continues to grow where there are people. Money follows motion.
There are many ways to get started without first getting to a comfort base. I have found that starting your business or investing as a hobby helps you develop and refine your passion. Then doing it part time after hours and on weekends helps you be more efficient. Once most of the wheels are in place your business will slowly start to employ you full time. So don’t delay starting simply because you don’t have it all figured out.
So learn as much as you can about the tenets of your business then put it out there and let your customer teach and reward you. No wonder they say it doesn’t take money to get started. ( P.S: you can start investing from as little as R1 on EasyEquities) Find your route to market and then refine it as you go along.