Starting my own business

[TruthFreedom]

I really want to start my own business. I have a goal, which I won't say right now, but it came to me in a dream around 7 years ago. I want to pursue this purpose, which involves helping people, and helping people is the main objective, not money. But obviously, money would be a nice reward. 

I have loads of experience in the field of business I want to enter. i don't have qualifications though.

How can I turn my experience and skills into a viable business endeavour? I am 38 and have minimal experience in the business world. Does anyone have any suggestions regarding where I can get started? Thanks.

[Hayato]

The names of Alex Hormozi and Jesse Elder come to mind. They have good stuff.

[Staples]

If you have experience just go fucking do it. If by qualifications you mean a business degree - you don't need one. Throw that idea out.

Just go make money. Solve someone's problem and get paid for it. There you go, three years of business school done.

You can figure out how to set up a company and the appropriate bank accounts in a weekend with a laptop and google.

If you fuck up somewhere, you can fix it.

Nobody was born a businessperson. They just decided to go figure it out.

[BlueOak]

Been trying for almost a year. We should start a group to reinforce each other.

Currently we are trying contract brokering, also setting up a club night, and if we have any spare capital, a bin cleaning service.  Last year I tried a CnC business but I had to move out from where i'd located it.

[Elliott]

Casually learn business law, and accounting. A lot of videos on YouTube, tons of books available.

Edited April 1, 2025 by Elliott

[The Renaissance Man]

@TruthFreedom For marketing, I'd study Alex Hormozi's books like the bible.

If you have no prior experience with helping people in your field, you're probably not going to be that great initially. In other words, poor client results. That's normal. If that's the case, you may want to start by working with people at a lower price, even for free initially in exchange for reviews. This will give you a ton of experience (worth much more than the money you'd have charged at this point), plus if you don't deliver the best results --which is likely in the beginning-- no one's going to be mad, and you'll be able to sleep nicely, knowing that at least you haven't charged much for sub-par results.

As you get skilled on all fronts you can start to charge what feels appropriate to you.

Anyway, Hormozi Hormozi Hormozi, books! and YouTube.

[Jayson G]

On 4/1/2025 at 2:03 AM, TruthFreedom said:

I really want to start my own business. I have a goal, which I won't say right now, but it came to me in a dream around 7 years ago. I want to pursue this purpose, which involves helping people, and helping people is the main objective, not money. But obviously, money would be a nice reward. 

I have loads of experience in the field of business I want to enter. i don't have qualifications though.

How can I turn my experience and skills into a viable business endeavour? I am 38 and have minimal experience in the business world. Does anyone have any suggestions regarding where I can get started? Thanks.

I wish more people knew about this, but Im now building full stack apps. You can use AI to create it. I have no codinng experience, but I've already created many full stack apps in a handful of months, one is already getting users. 

I guess my point is, take all your domain knowledge, and create an innovative, genius, highly creative app in that field. 

Apps pay really well, and scale big. They also help mankind, and allow you to tap into creativity and genius. I wish I did this before.

[JohnLeyo]

I know this thread is over a year old, but I completely relate. I started out in my 30s with zero formal qualifications, just field experience. You are absolutely right - practical experience is what keeps you afloat.

Just a quick warning: be prepared for the boring paperwork when you actually set things up. When registering my business, I got stuck doing endless compliance checks for our corporate bank account and had to use LEI Register just to get our legal entity code sorted. It was a massive headache, but pushing through that stuff is part of the job.

Did you end up getting your idea off the ground since you posted this?
 

[Joseph Maynor]

This is really the route to go.  But there are many requirements to have a profitable business.  

[LordFall]

31 minutes ago, Joseph Maynor said:

This is really the route to go.  But there are many requirements to have a profitable business.  

I agree I think everyone should create their own business and brand. Even in a world with AI ubi that gives everyone on earth $3000/month to live I think it'll just lead to people that understand economies of scale being billionaires and trillionaires and enjoying all the luxury and scarce goods and experiences. 

[Joshe]

Here are the most important principles IMO. I think #6 if probably what most people need to really contemplate.

 

[YIDIRYIDIR]

Principles and basics. 

You can have a very successful business by only relying on them.

here are core principles of business: Offer - Persuasion - traffic - Trial and error. 
these 4 only will be responsible for 80% of your success if you continue optimizing them as you go.

[Joseph Maynor]

You need a paying customer.  This is the most important thing.