Welcome, I'm glad you're here. It means you're serious about taking the next step as you consider starting a real new business. And it means you're also in a hurry. So in the next five short sessions, I'm going to help you make your decision. Should I do a start up now? together?

We'll begin by focusing on an important question, what are your dreams? So let's get going. Remember that this snippet is part of the quick course Should I do a start up now? The complete course began with the introduction session, and is followed by five short sessions called snippets. Each snippet focuses on a single item, each is quick to get through and is immediately useful. You can find more at the website, start one now.com if you're ready, I am.

Let's get started. Right now, then we'll move on to the next snippet. Do you dream of going on a thrilling adventure with this new enterprise? That certainly sounds great, doesn't it? A lot of fun and thrills and more, but is doing a startup truly an adventure. One thing is for certain, doing a new business involves a lot of unknowns, and it is risky.

There's no way to avoid that. The good news is that with the risks come rewards. Yes, there's treasure out there, but it's buried and difficult to find. But when you can find it, you will be rewarded. And it can be a lot of fun. As long as it's fun, it's an adventure.

But if the fun ends, it turns into work. That's time to reconsider this new enterprise idea. Well, that's what an adventure is all about. Could your dream be an adventure for you? I certainly hope so. Have you been dreaming about running your own business?

That you want to be your own boss? Or perhaps their riches you aspire to? You want to do something great. Just what are your dreams? Let's open up some possibilities. And we'll begin by asking a simple question.

How large is your dream? Are you thinking Building a clever app to make a few bucks. You expect to be the person running the show in a small enterprise, one business one person? Will the business remain in a single location in your hometown? Or your one store expand into a national chain? How about buying a franchise subway or something like that?

Do you plan to get going fast quickly sell the business to Google and add millions of dollars to your bank account? Or do you dream of getting the gold medal? Do you plan to grow to 100 million dollars of sales and do the initial public offering in five years become a famous billionaire? Is your dream about retail and consumer? Or do you think about starting a heavyweight industrial business? Are you a techie dreaming of a business that dazzles the planet?

Do you think about your startup as becoming a global giant like Facebook? Those are certainly important questions to ponder. How large is your dream Now let's ask the next question. How risky is your dream? A person is smart. As you know, startups are risky, risky, very, a lot fail.

In fact, historical data shows that most eventually end. That's risky. All right. And what are the odds of succeeding so well, that your business goes public? some data suggests less than 5% of new enterprises make it to IPO. My database tells me your odds of taking an idea all the way to IPO our lottery odds about six in a million.

Yes, that's a lot of risk. In fact, you have seven times greater chance of becoming a National Basketball Association star. Are you thinking what if my startup fails, because that's what you'll face if you're going to do a new enterprise? Possibly all your time and savings? Go On, finished, doors closed. If you're able to face that possibility, then you are ready to take the next step with me.

As you asked, should I do a start up now? You are a realist. If you have to say to yourself, however, no way, failure will never happen to me. I'm afraid then it's time for us to part company. Because I'm here to help realists realize their dreams. I do hope that you so let's move on and examine what's required to do your new business.

What do you think is required to get your business started? to fit the size of your dream? What do you need? Says the link technology, tons of tweets about your idea. Buzz all over the internet, or a lot of things need to be thought about and prepared before you open the doors for business. Well done, this phase of your thinking will give you a clear realistic picture of what's required to get started.

In the final section of this short series of snippets, I'll show you how to easily prepare a sketch of your business idea and its requirements. That's a tool serial entrepreneurs use early in this first thinking about a new enterprise. For now, think during this week about the size of your dream, and what you think you need to get it started. That will increase the quality of your decision. Should I do a start up now? Congratulations.

You finished the first snippet. You understand more about your personal dreams? Do you think you're ready to do a startup to get your idea off the ground? Just what do you think it means to be ready to start a new business? Remember, our focus is on you. Why oh, you The person who has to make that big decision.

Should I do a start up? Now? You want to continue with me and take the next step. is the size of your dream clear? Does that sound realistic to you? Can you face the possibility of your idea not succeeding?

If not, it's time to part company. If yes, then let's take the next step together. This is where we're going. Five quick snippets leading you to make a high quality decision. Should I do a start up now? Next, we're going to talk about are you an entrepreneur.

I'll help you examine that in the next snippet. Let's go there right now. I look forward to seeing you there.