6. Start a Company on a Shoestring Today – Jim Beach

1. Started a business to pay the bills. Necessity is the mother of invention.
2. Used a credit card to get started.
3. Your business doesn’t have to be sexy. $500 is a reasonable amount of money to begin with.
4. You don’t need a business partner.
5. $68,000 profit off a $500 investment on Amazon.
6. Good employees are forced to leave jobs for nothing they did wrong.
7. Google the phrase “new business ideas.”
8. You don’t have to be new…just better.
9. Look around and find a problem to solve.
10. Go to tradeshows to find products.
11. Research first; invest after.
12. Call ten companies and have 10 conversation. This will tell you a lot about your field of focus.
13. Don’t spend months writing a book plan.
14. He started by advertising one idea and made a brochure after getting 100 responses.
15. Real orders are the true test of a product.
16. His wife went from working on Amazon to teaching him how to use Amazon.
17. Don’t fall in love with your idea. If all indicators say stop, stop.
18. He looked for incremental increases in innovation, not bold new ideas.
19. Get a check from your first venture, then register a company.

 

Books

1. School for Startups: The Breakthrough Course for Guaranteeing Small Business Success in 90 Days or Less
2. Exposing Google Maps: Essential Security Fixes and Solution
3. Why I Don’t Recommend Hacking Google or wiretapping the FBI & and United States Secret Service

Social and Mentioned Sites

• Twitter- @entrepreneurjim
• LinkedIn- https://www.linkedin.com/in/jamesabeach
• Email- james.beach@att.net
• www.schoolforstartups.com (you can sign up for a free trial of Jim’s course)
• www.jimbeach.com (his website)

Podcast: Play in new window | Download

Subscribe: RSS