Starting a business can be an exciting and challenging journey. For many aspiring entrepreneurs, the idea of starting a business is both exciting and daunting. It’s important to have a plan in place and to take the right steps to ensure success. In this episode of the Dadpreneur Podcast Alex discusses 7 things to help you on your journey:
- 1. Personal finances: What’s your runway
- 2. Create a business plan using a Business Model Canvas: Get clear on your product, target audience, etc.
- 3. Conduct competitive research: Understand the marketplace and industry
- 4. Determine who you’ll need on your team (mostly freelancers in the beginning)
- 5. Create a marketing & branding strategy
- 6. Understand the Sales process
- 7. Measure and decide which KPI’s you’ll use
Books to read:
‘Good to Great’ by Jim Collins
‘The Lean Startup’ By Eric Ries
‘Think and Grow Rich’ by Napoleon Hill
‘The E-Myth : Why Most Small Businesses Don’t Work and What to Do About It’ by Michael Gerber
‘Traction’ by Gino Wickman
‘Outliers – The Story of Success’ by Malcolm Gladwell
‘The Little Red Book of Selling’ by Jeffrey Gitomer
In conclusion, starting a business can be a rewarding and challenging journey, but by following these seven steps, you’ll be well on your way to success. Be sure to listen to the latest episode of the Dadpreneur Podcast for more tips and advice on how to start a business.
