Since I was teenager I have been involved in starting small businesses. Most of them has just been hobbies, others have become more than hobbies. When I think about things I have to do, the same question always pops up: How can I do this fast and effective? At many times, it’s stressing to think this way, but also fun. It forces you to think outside the box.

I hear all the time that starting a business and making it profitable, takes at least two years. It might be the average, but who wants to be average?

So I had this idea/challenge: is it possible to start an online business and make it profitable in one month? One person, one business, one month. Most are naturally limited by other things (me included), so I need a time limitation as well. 48 hours. In other words, is it possible to build a profitable online business in one month without working more than 1,5 hour per day? Or is it possible to do it in 48 hours straight?

Here are some princibles that could be useful:

• Use time limitations for every task (e.g. you have 1 hour to fix this, no more)
• Choose a focus. What is the number one thing that will make this successful?
• Start with the things that has a long processing time (payment gateway, merchant account, etc.).
• Don’t get caught up in design of the website or logo. Get someone to do it, or set a clear deadline.

Here is a random list of typical things needed when starting an online business:

• Logo
• Website
• Name
• Domain name
• Bank account
• TAX id no
• Business plan
• A product
• Money
• Payment gateway
• Merchant account (permission to process credit cards)

When the day comes, I have now have some notes to get me started.