MaGIC Startup Academy Launch : Keynote Day 1 - Challenging Startup Conventions ( Cezary Pietrzak )
10 Day Startup
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Transcript of 10 Day Startup
The process of starting a business condensed down to...
10 IntenseHighly-Focused
Days
DAY 1.
Write out a Business Plan.
Your Business Plan should contain vital information about your
company/product, competition, market behavior, and value proposition.
Whether it’s sketched out on a napkin or typed in a 25-page document,
a Business Plan is CRITICAL.
DAY 2.
Research the market.
Who is your Competition?
Who is your Target Market?
How do you reach them?
What are the Barriers to Entry?
Become an expert, but don’t overthink things.
DAY 3.
Build your Brand.
social media presence
website name and logo
LOGO
DAY 4.
Incorporate.
Get an Attorney for:
IncorporationTrademarksAgreements
Etc...
DAY 5.
Create a Machine.
- Keep overhead LOW...
- Avoid purchasing unnecessary
furniture
- Don’t over-hire, enlist the help of
interns
- Work out of a small office or
garage
DAY 6.
Talk About It.
Tell everyone in your network that you’re officially in business
and you have something unique to
offer.
DAY 7.
Work the Media.
Media relations can provide substantial
dividends and exposure.
DAY 8.
Fake it to make it.
DAY 9.
Work on your Business.
DON’T let menial and indirect income generating tasks fill your time.
Focus your time and effort on revenue generating tasks and
projects. Make Money First!
DAY 10.
Celebrate.
Take time to celebrate.
Thank everyone who has helped get the business up
and running.
Be sure to get feedback from your guests,
customers, and those involved.