The biggest excuse for not starting a venture of your own is “I wouldn’t even know where to start. It’s too complicated.” The thing is, you can startup today, instantly. One term every aspiring entrepreneur needs to learn is sole proprietorship’.

The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts. A sole proprietorship can operate under the name of its owner or it can do business under a fictitious name. The fictitious name is simply a trade name–it does not create a legal entity separate from the sole proprietor owner.

Under a sole proprietorship, the one step to starting a business is picking a name. No documents need to be filled out, no bureaucratic bullshit needs to be dealt with, you just assume the business’ responsibilities under your own name.

Stop making excuses, launch your venture.