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SUCCESSFULLY LAUNCHING A NEW BUSINESS 5 STEPS TO by Graham D Brown @ Up.School

(Up.School) 5 Steps to Successfully Launch Your Business

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SUCCESSFULLY LAUNCHING ANEW BUSINESS

5 STEPS TO

by Graham D Brown @ Up.School

There’s so much to think about when launching a business

Where do you start?

The key to success is FOCUS + METHOD

FOCUS on the #1 goal of getting your first paying customer

Follow the Zero-to-One METHOD

The goal of which is the SHIP ASAP

From Zero: IDEA

to One: PAYING CUSTOMER

Not getting it right means burning through your money real quick…

So let’s start…

1MINDSET

Beware following the 20th century business model

Instead of planning and building, focus on launching…

Launch first, launch fast

You should ship in days… not months or years

Learn to bootstrap and keep it lean rather than seek credit

The faster the launch, the less money you burn…

…the lower the risk

Your new project is not a business yet… it’s just

a set of experiments

The more experiments… the better

It’s much easier to steer a bicycle when it’s moving…

Almost every assumption you have about your business will be wrong…

Until your customer opens their wallet

2 VALIDATE YOUR IDEAS

Simply being passionate about your idea is not enough anymore

It’s easy to fall into the trap of thinking passion + idea = success

Stress test your ideas

Start with a list of all your ideas and then focus on reducing them down

Use all available tools to validate your ideas

Share your ideas: the more you share your ideas, the better they become

Talk to people! As many as possible

Seek out honest, insightful opinion

Eliminate weak ideas until you are left only with the validated ones

Niche down on the winners to get new angles on your best ideas

But don’t get hung up on ideas, a half-baked idea is better than nothing

JOIN my weekly webinarlaunch your business with less time & money using the Up.School Zero-to-One Method

Graham Brown, Founder Up.School

FREE!

3 IDENTIFY CUSTOMER PAIN

Rather than chase the money, focus on creating value for customers

Solve problems people have in their everyday lives…

Don’t be afraid to copy what already works

Don’t go looking for gaps in the market…

Find out what’s broken…

You’re selling a solution, not a product or service

People buy on emotion and justify with logic. Seek emotional drivers.

Build relationships with people and they will open up to you

Build a persona of your customer. Name them.

Write your copy and marketing messages as if you were talking to

that person directly…

4 BUILD YOUR MVP

Many successful startups launched without a product

Successful MVP development is a two-way process…

Development is a cycle, measuring, learning, improving

Get into the habit of split testing everything

Measure customer interaction with every version of your product

5 GET OUT AND HUSTLE

When it comes to marketing, Remember this…

Make the goal of every interaction to get people onto your mailing list

Your mailing list is the cornerstone of your marketing strategy

Once on that list, be useful… Educate and connect rather than sell

Engage through conversation

Only when you have their trust, will they give you their attention

Your profits will come from your ability to nurture relationships

But… there’s only so much you can achieve stuck behind the computer

Nothing can replace the power of “getting out there”

Don’t go looking for customers…

Find people who want your product already

No scratch that… People who need your product

Connect with your own personal ecosystem of contacts

Reach out to people with whom you have an existing relationship

Start with the people who share a similar passion to you…

If you don’t know who they are, just look in your mail inbox

Grow your business around this early group of Fans

And finally…

Connect with likeminded entrepreneurs who’ll help you grow

your business…

Avoid competition until you’re big enough

Get comfortable with failure

Be prepared to wait a long time… there are no short-cuts to success

Do something that scares you …every day

And if it doesn’t make your heart beat faster… don’t do it