I want to build a startup company.

People often have lofty dreams of business grandeur, but no real understanding of how to achieve it. We see big businesses with their CEOs making more money than most of us have ever seen and we think that it all happened by magic.

Some of the most prominent people in business are the billionaires. Whether you started with inheritance like Donald Trump, or worked your way up from nothing like Michael Bloomberg – no matter – these are the people we aspire to be (monetarily speaking).

Where becoming a billionaire may be your life’s goal, there is one thing that you may find quite interesting about this very small percentage of the population. Even though there are only approximately 1,645 billionaires in the world 75% of those privileged individuals will tell you that they did not start out that way. Most billionaires were willing to do the work it took from their initial startup companies to be able to realize their dream. Only about 25% actually inherited their wealth.

How to Launch Your Startup Company

If you find yourself dreaming and wondering how to build your startup company, here are the steps you need to take:

1. Brainstorm

The human mind has an amazing capacity to come up with inventions that change the world. Inventions are not something that just happen however. Even though some ideas were brought forth successfully throughout initial idea, most require that you think through the idea thoroughly and also bounce around ideas through the process of brainstorming. One of the most effective barnstorming tools is simply writing your ideas down in a notebook. Expanding upon the ideas that you have in the notebook will give you a constant steam of other ideas where one or two will stand out among the others.

2. Assess Your Personal Finances

The beginning stages of your idea and startup company will come from your own ability to utilize your personal finances, aside from startup funding. People with a passion for an idea and a startup company are able to find the money where they need it. Even if the step requires that you take a step back and shave off things from your budget that are not essential you can find the money somewhere. Making sacrifices is often how many startups begin, but do not worry for a little discomfort because you can get all of those things back and many more when you make it big in the business world.