***Written By: Brian Balfour YE Forum ID: bbalfour***

Throughout my various ventures I have learned what should be priority in starting a new company. The items that I know are important today, are much different then what I thought when I was starting my first company. Many first time entrepreneurs tend to focus on the wrong things which often lead to a failure of launching.

This lack of focus is often the result of an entrepreneur not being mentally ready to take the big leap. To compensate, an entrepreneur will try to minimize the risks, i.e. money and a job, in order to build enough confidence.

TOP Priority

Action

Everyday you should be doing something that will directly move launch day one step closer. This could include forming a corporation or LLC, setting up a bank account, starting a website, searching for office space (if needed), assembling your team, etc. Before you know it, things will be falling into place and you will have yourself a business.

Too many great ideas get caught in the planning stages. While some amount of planning is necessary, there has to be a point where you just go for it. Meticulous planning will prove to be useless, because things never go according to plan.

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We would like to welcome everyone to the new YoungEntrepreneur.com Blog. YE
will be going through some positive changes and upgrades in the coming months with
this blog being the beginning of them. YE is currently working on the new site updates which will include an entrepreneurial podcast series along with a backend social networking application which will enable all of our members the ability to get to know each other and also asisst one another with the starting, managing and growing of their business ventures.

While the two founders of YoungEntrepreneur.com, Adam and Matthew, will be posting frequently, we would like to invite all entrepreneurs with advice, stories or experiences to be part of the YE blog. The goal of this blog is to share many differen’t perspectives andexperiences because as we all know, the entrepreneurial lifestyle varies
from day to day and we would like to touch on various facets and experiences. If you are interested in guest blogging about your entrepreneurial experiences or new startup, please contact us. We hope everyone finds this blog helpful while assisting your entrepreneurial endeavors. Please feel free to leave plenty of comments and feedback.

Best Regards,

 Adam Toren (Co-Founder YoungEntrepreneur.com), Matthew Toren (Co-Founder of YoungEntrepreneur.com)

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