11. Put a team together to: solve a problem tell & sell products/services to troubled people with money willing to buy your solution & keep paying your bills until everyone can cash out. Lather, rinse, repeat.
12. Should be easy enough– let’s get started! But first, a few questions:
13. Who’s on your team? What problem do you solve? How will you market to X people and how many people will buy this year? What are your products/services? Who is troubled & how much $ do they have? What other similar products are available? How much $ do you need to start & run? How much cash will you have in 3 years?
24. News Flash: If you don’t have answers to detailed questions, you risk coming across a bit half-assed .
25. Most people don’t want to: buy from, lend to, invest in, work for stay married to, partner with, or help out a half-assed entrepreneur ; it’s just too stressful.
26. News Flash: You don’t need money to start a business, you need answers — You need a business plan.
27. You’ve got 168 hours a week— Why not crank out a business plan in 20 hours, & use another 20 hours to make it better? 40 hours of college paper writing will separate you from most other entrepreneurs starting a business.
28. First 20 Hours: 5 Hours: Answer questions. 5 Hours: Talk to people & find stats. 5 Hours: Crank out spreadsheets . (no more than $1M first year) 5 Hours: Crank out a rough draft, 1 pg at a time.
29. Second 20 Hours: 5 Hours: Mentor edit for red flags. 5 Hours: Add more research. 5 Hours: Tighten info to specifics. 5 Hours: Make it pretty.
30. You want to build a $1,000,000 company, or find $1,000,000 in funding?
