Many people assume they can start a company and make a multi-million dollar business from scratch. In fact in the United States of America you can, as it is a free country and despite all the over regulation, lawyers in the way, barriers to entry and other issues it is actually possible. It is also kind of fun to overcome all this and prove the critics wrong and indeed isn’t that the American Way.

However with all these truths, I have witnessed start up entrepreneurs who are bathed in credit card debt, upside down in home equity and on the verge of losing their jobs, who wish to start a new start-up company. When designing their business plans the first thing they say is; “I need a minimum of $5,000 per month to live on” well welcome to the real world, because until you get funding for your project no one is going to be paying you a G-Darn Dime. They say; “But we will sell millions of these products, on TV infomercials!” yet they do not even have a prototype to show anyone and not even certain if the product is possible in building in the first place.

Recently I got a little miffed at one gentleman who had this line of reasoning and told him point blank, it will not work and said;

“Too bad you cannot get by on less than $5,000 per month. Too bad you cannot or are not willing to work more hours. Too bad you do not have any investors lined up. Too bad you do not have an executive team ready to jump into Phase II. Too bad you do not want to make it yourself, get your hands dirty and have no confidence in building the first one. Too bad you are afraid. Too bad you have never done a TV infomercial product before. Too bad you have never done a seed to weed business concept before.”

Please entrepreneurs have a little brains and stop the incessant dreaming, thinking you are going to make money without working. Money does not grow on trees and being an entrepreneur is not about pie in the sky wishful thinking. Don’t blow it, think on it, as the details are paramount.

"Lance Winslow" - Online Think Tank forum board. If you have innovative thoughts and unique perspectives, come think with Lance; http://www.WorldThinkTank.net/wttbbs/

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