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Shopify ran a study with The Harris Poll across five countries this year. And there was one number I just couldn’t stop thinking about. 93% of people in the US say they feel at least somewhat ready to start a business. More than half say they could start today. And yet they haven’t. So the problem isn’t readiness. You get stuck in a cycle of “feeling ready.” You just keep reading and watching a little more. You are waiting for that one moment where everything makes sense. Then, before you know it, a year is gone. You are still in the same place. And you are asking yourself when you will finally feel ready enough to move. We call it the preparedness paradox. When the researchers looked at people who actually went for it, the data said this. Roughly 70% of people handled the early hard parts by learning as they went along, screwing up and then sorting it out. Just starting and figuring things out as they went, which if you think about it, is the exact thing most of us keep trying to avoid doing. And the interesting part is that, 57% of US founders who waited before launching said they wish they’d started sooner. Not that they’d been better prepared. Just sooner. Preparation feels productive. I get that. But from what I’ve seen, a lot of the time it’s just a quieter way of going nowhere. Now, money comes up a lot too. 38 to 46% of founders across markets named it as their top barrier, and that’s fair. Starting anything takes something, nothing is free now, that is what we think right? But is that true? Not really. Things have changed. The move is not about committing. It is just getting near enough to check if the idea works. A landing page, a product listing, a test order sent to yourself. Things like that. And even if we look at some big software tools, the "enter your card to start" thing is fading. Nearly half of tools serious founders need today have a free plan or a no-card trial. The barrier that used to feel like a wall is mostly a story now. You can test a store, a tool, an idea, without putting money down at all. Shopify is a good example for this. They give you a 3-day free trial right now, and after that it is $1 a month for 3 months. So you're looking at a dollar a month to get a real, working online store in front of you, not just an idea still living in your head. If an online store is something you’ve been circling, that “not yet” just got a lot harder to justify. There’s a complete beginner guide walking through the whole Shopify setup, from account to first product to going live, without the confusing stuff. Give it a look. Cheaper than another month of thinking about it. Talk soon, Minosh P.S. Also, if you’re still on the fence about Shopify, this might be the thing that actually helps you decide. |
Online business and marketing insights from what's working out there, researched and handed to you every Thursday.
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Everyone’s excited that AI is driving purchases now. People are asking ChatGPT what to buy, and it’s actually recommending products. That part is true. What nobody’s talking about is what happens right after. New research looked at how Gen Z actually shops with AI, and they found that 48% of Gen Z buyers had already purchased something an AI recommended. But 43% had also switched to a different brand specifically because of how a brand used AI. Thing is, we assume younger buyers will tolerate...
Not my usual Thursday send, but I had to get it out. You know, most people who want to start an online store don’t fail because they picked the wrong product, or ran out of money, or didn’t know enough about marketing. They fail because they waited. And kept waiting. Until waiting became the plan. I’ve watched this happen up close. Yesterday, I had lunch with a few of my old friends. We were just talking about life, how things turned out, and yes, the cost of living, the usual. And at some...