EP#51 - The 10 WORST Pieces of Advice to Ignore When Starting a New Business
Follow your passion - but sometimes I think fuck it and do that anyway.
Write a lengthy business plan - the longer you spend in theory the more bogged down with the details you will become - focus on the product first. What is it and why is it good.
Raise investment
Take a course
Join an accelerator
Make sure your business name is perfect
Create the perfect brand - invest in a big graphic design agency to create your brand logo and brand guidelines.
Spend a lot of money building a website
Create a mission statement and a company vision statement
People will/won’t buy what you are trying to sell
Start a community around an idea
MVP you should be embarrassed of your first version of your product
Talk to everyone who’s in your network that's relatively similar - should be focussed on action.
Try to get PR for your business launch
Good bits of advice
Try to make a sale as soon as possible with a small group
Figure out who your target audience/customer is and where they can be advertised to or contacted
Outsource the work you can’t do yourself - but shop around for it
...more
View all episodesBy Entrepreneur Luke Emery & Product Designer Alex Peet
EP#51 - The 10 WORST Pieces of Advice to Ignore When Starting a New Business
Follow your passion - but sometimes I think fuck it and do that anyway.
Write a lengthy business plan - the longer you spend in theory the more bogged down with the details you will become - focus on the product first. What is it and why is it good.
Raise investment
Take a course
Join an accelerator
Make sure your business name is perfect
Create the perfect brand - invest in a big graphic design agency to create your brand logo and brand guidelines.
Spend a lot of money building a website
Create a mission statement and a company vision statement
People will/won’t buy what you are trying to sell
Start a community around an idea
MVP you should be embarrassed of your first version of your product
Talk to everyone who’s in your network that's relatively similar - should be focussed on action.
Try to get PR for your business launch
Good bits of advice
Try to make a sale as soon as possible with a small group
Figure out who your target audience/customer is and where they can be advertised to or contacted
Outsource the work you can’t do yourself - but shop around for it