Elements of Starting a Business
1) Clearly identify and define the problem that I am trying to solve? Is this a problem that people will pay for a solution? Is it something they want or need?
2) Define your avatar/target market. Who has the problem?
3) Who are my customers? Who has the problem and who will pay for the solution?
4) Who are my competitors? Are you operating in the same space or are you creating a new space?
5) What are my differentiators? Why would someone buy from me over my competitor?
6) How am I going to distribute my story? Social media, podcasts, local meetups, boots on the ground?
7) Build out a business plan with budget and timelines.
8) How much funding do I need? How am I going to pay it back? Do not overfund as it can result in complacency.
9) Who can help me? (People, process, product, purpose)
