How to Start a Small Business in 2020 (Business Tips)
BRING A FRIEND TO THE MARKET. Invite 1 person, just 1 to listen to this episode
\nGreat ideas
\nProblem solving
\nEmployee 1st (garyvee concept)
\nThen customers
\nProfits will come
\nBusiness plan
\nMarket Research - establish a need
\nAirbnb Co-founder Brian Chesky: "If we tried to think of a good idea, we wouldn\u2019t have been able to think of a good idea. You just have to find the solution for a problem in your own life."
\nDemand: Is there a desire for your product or service?
\nMarket size: How many people would be interested in your offering?
\nMarket saturation: How many similar options are already available to consumers?
\nPricing: What do potential customers pay for these alternatives?
\nBusiness plan
\nfoundation of your business. It\u2019s a roadmap for how to structure, run, and grow your new business. You\u2019ll use it to convince people that working with you \u2014 or investing in your company \u2014 is a smart choice. (https://www.sba.gov/business-guide/10-steps-start-your-business)
\nThe legal structure you choose for your business will impact your business registration requirements, how much you pay in taxes, and your personal liability.
\nKeep your business running smoothly by staying legally compliant. The licenses and permits you need for your business will vary by industry, state, location, and other factors.
\nPlan for the future: lay out goals and metrics for success
\nhow to stand out from competitors
\nfinancial projections to make a strong start
\nCreate your buyer persona and determine your product/marketing fit (https://blog.hubspot.com/sales/small-business-ideas)
\nMarketing - Attention
\nLocation: Where do your customers live and where can your business reach?
\nMindset
\n\nInstagram @marketadventurespodcast
\nSubscribe on Spotify, Apple Podcasts, or wherever you listen to your podcasts
\nWHAT\u2019S THE KEY: Learn \u2192 test \u2192 \u201cperfect\u201d \u2192 Scale up = $$$
\n---
\nJoin thesavings.club to get $5 towards your automatic savings account | Powered by Digit.co
\n---
\nIs the Stock Market the answer for you? Learn more: https://gum.co/VxJLm
\n---
\nThis episode is sponsored by \xb7 Anchor: The easiest way to make a podcast. https://anchor.fm/app
\n\n--- \n\nSupport this podcast: https://podcasters.spotify.com/pod/show/marketadventures/support