Justin Bryant0 Comments
March 12, 2017
In this video, I’ll show you how to go about starting a business from scratch in 2017.
You can’t just pick something that makes money and go for it. There’s a strategy you need to follow to pick a business and plan it properly to make it actually succeed.
Enjoy the video and let me know what you think in the comments below!
Here’s the step-by-step process for coming up with a business idea to pursue:
Don’t just follow your passions only when starting a business because they will change over time.
You have to make sure what you’re providing either entertains, educates, or fills a need for people. Why would they want it?
Everyone has a different budget and amount of time to spend working. That plays a big part in what you’re able to do.
How many people would be interested in your business?
You can’t do everything for free. How will you monetize this business?
You might want to avoid a business where you could get hit with a lawsuit or are going to be dealing with things like customer support, shipping, etc.
There needs to be some way for you to track numbers like traffic, sales, leads, repeat customers, etc.
Is there a chance your niche or industry will be obsolete in the next 5 or 10 years? If so, you might cross that business idea off the list.
Don’t offer something that someone else is already offering. You have to be different. Find out what your competition is doing, how good they are, and how you will be different.
“The amount of money you make is a direct correlation to how much value you’re adding to people’s lives.” I wish I could remember who said this, but it’s a quote to always remember.
I'm an entrepreneur, fitness freak, artist, car enthusiast, sports fan and self improvement addict. My goal is to help people be their best and create incredible businesses that change the world.
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