Episode 54

Start the year by turning that idea in your head into a business. Contrary to popular belief, starting a business can be quick and easy. You can even start within 10 minutes. If you’ve been thinking about starting a business for a while now, you’ve probably read this suggestion many times: do your due diligence. However, it’s hard to do your assignment if you don’t know the questions at all. That’s what this episode is all about. 

Let’s dive right in and learn our top 5 strategies to start your business!

[00:01 - 02:17] Opening Segment

• We introduce our topic for today
  • Strategies to start a business easily

[02:18 - 12:05] Start with an MVP

• Start your business in 10 minutes
• Separate your personal accounts from your business account
• Draft a partnership agreement even without a lawyer
• Secure your website addresses and social media pages
  • What is MVP? 

[12:06 - 22:05] Keep it Simple

• Don’t miss our last strategy to start a business!
• Do business as if it’s worth a million dollars 
• Don’t spread yourself too thin
  • Find out how 
• When should you hire a virtual assistant?

[22:06 - 23:35] Closing Segment 

• Share with us your own strategies
  • Go to our website. Link below
• Final words

 

Tweetable Quotes:

“I think one thing that I have started to deal [with], which is really helpful, is I tried to document everything.” - David Schomer

“Treat your business as if it’s going to grow and scale to 10 million dollars.” - David Schomer

“If you are really early on [your business], just focus on the core aspects of getting your business going.” - Ken Wilson 

Resources Mentioned:

• Internal Revenue Service
• United States Patent and Trademark Office
• GoDaddy
• Dropbox Business
• Google Drive
• Inventory Lab

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