How To Build A Business Plan [Real Life Example]

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Simon Says

This episode is titled:

How To Build A Business Plan [Real Life Example]

Notable Quotes

"If you want to raise money, don't ask for money. Ask for help."

"You need to learn to sell, and all selling is is storytelling."

"I think you can do this. I'll put some money in your crowdfunding."

Episode Summary

In this episode, the hosts discuss a practical five-point plan for individuals looking to start a business, particularly when financial resources are limited. The first step is 'getting started' with an idea, emphasizing the importance of creating a mind map to outline the concept and actions, such as securing a trademark. The second point addresses funding, where advice is given on seeking help rather than just money, tapping into networks, and being cautious about giving away too much equity early on. The discussion then transitions to marketing strategies, including influencer partnerships and the power of social media for promotion. The final points include clarifying how to make the business idea real with production and fostering a strong team while maintaining control over the company. Throughout, the importance of storytelling, sales, and community engagement are stressed.

Key Takeaways

Starting a business requires clear planning and action, such as trademarking your brand.

Funding can be sourced through help and storytelling instead of just looking for investment.

Marketing should focus on building relationships with influencers and exploiting social media to generate income.

Establish a strong team dynamic and outline clear roles to drive the business towards success.