Starting Your Own Small Business? Be Practical, Not Creative

small business ideaBe practical and the odds are far better that the business you start will succeed. Forget being creative. That's the advice from Scott Gerber, serial entrepreneur and leader of the "Death to the resume" movement.

Gerber really means "practical" -- as in not trying to innovate. Instead of aiming to launch competition for Facebook, set up a dry cleaner or a deli on the corner. From those small seeds can come success. Big dreams usually lead to big failure.

Experience confirms the wisdom of the practical approach. Waves and waves of immigrants came to America. They started up restaurants, bakeries, laundries, and, yes, dry cleaners. They didn't write business plans for a patented process for refining oil. It was the next generation, their children, which moved on to that level of sophistication.

When you are pushed against the wall, as were the immigrants and as are many unemployed and underemployed, it makes sense to go with what you know, what's simple to operate, and what can produce immediate revenue. Eventually, sure, with the wolf not at the door, you can become more original. Or, you can stick with the dry cleaning, open more stores, and maybe down the road, franchise the concept.

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When it comes to business whether it is small or big it should have a system to follow, marketing plan as what they call it. Nowadays successful businesses also experienced downfall before they become successful because of their different marketing strategies. Turning your strategies into action and always has the back up plan. I wrote about this same topic back in June, and feel that it can act as an addendum to the original post:

May 20 2013 at 5:59 AM Report abuse +1 rate up rate down Reply

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