Listen into this episode as Paul interviews Steven Coon on clubhouse. They go through his journey from homelessness to success and also touch on his book humble alpha. An episode with many life, as well as business, tips and pointers. KEY TAKEAWAYS Paul and Steven met on clubhouse, they both admit that they probably would have never met without this app.Steven is very active on clubhouse he often mods room including two of his own reoccurring rooms, success in business with plant medicine and success with imposter syndrome. It’s incredible the connections that can be made and the barriers that have been removed on clubhouse, who would have thought you could go on an app and connect so easily with big names like Elon Musk! Steven was in the US military and then became an entrepreneur after in 1996. He was ‘done taking orders’ and wanted to work for himself. His first venture was starting a cocktail bar. When Steven saw something that gave him fear, it’s what made him decide to go all in. Because he then knew it is something that would make him grow. 14 years after being an entrepreneur Steven lost his job, his wife, money and ended up being homeless. He flipped this on its head and saw it as a unique opportunity to take a life a bit slower, spend time with friends and relax more. However, it spiralled after a while and he got caught speeding and attempted to take his life but the gentleness the police officer used to stop him made him stop and think. He then spent 8 months living with monks completely off the grid where he learnt to love himself and understand what he needed. Legacy is for yourself not for others. Even when Steven was away for 8 months no one really took much notice, it was humbling. It made him realise if we don’t take care of ourselves, focus on our power within then there is no legacy. Steven started offering business and success advice to veterans for free. It was this that led to his business forming as people started asking him for paid assistance. Balance for entrepreneurs is notoriously difficult to find. But Steven believes in integration, so integrating the different areas and elements of your life to work together and giving focus to what area needs attention. Content creation is a great way to engage people as well as keeping yourself personally accountable. Steven recommends commercial real estate to invest at the moment as when big crashes etc happen this is what holds its most value. This is his opinion, please always seek independent financial advice before making any investment. A top tip for bulletproof business from Steven is to delegate the task but not the responsibility. It means he gets his team to do the work/jobs they are assigned but supports them through it and ultimately is responsible. The first 7 years is when children develop their personality. It’s key to think about communication and the little things that can have impact.   BEST MOMENTS “It’s made us all realise the world is a lot smaller than it seems” “This is a great chance for me, I’m not worried about paying bills as I can’t pay them anyway!” “To this day I don’t know if it was real, if it was an angel but it doesn’t matter it saved me” “Everything we do is for us” “Who are you serving, where do they hang out and what problem do they know they have, that’s entrepreneurship right there!” VALUABLE RESOURCES   BulletProof Business Podcast   ABOUT THE HOST   Paul Abercrombie   Entrepreneur, Speaker, and Founder of Multiple Businesses. Paul is on a mission to help business owners and Entrepreneurs achieve success.   "In 2008 I left my full-time job to follow my dream of owning my own business and building a better life for me and my family. Since then I have started 12 businesses, generated millions in sales revenue and employed hundreds of people. I have also had some epic failures, made many mistakes and it’s my mission to ensure other can learn from my experience, avoid the mistakes I have made and achieve success in both life and business!”   CONTACT DETAILS   Paul Abercrombie LinkedIn See omnystudio.com/listener for privacy information.

Bulletproof Business

Interview with Steven Kuhn

Today Paul gives great advice on how to validate your business idea. He talks about the steps you need to make and the action you need to take so you can validate your product or service. KEY TAKEAWAYS Validation is giving you the confidence to drive your product or service forward, that your product is actually going to work and people are going to buy it. There are three key steps to validating your idea and stop you wasting valuable time and money creating something nobody wants: You need to research the market and find out if people actually want your idea. You can look at places such as google trends to get raw data on what people are searching. You need to test the product or service. Come up with a minimum viable product/service. Something that you can minimally develop and then get people in your local network to see if they want to buy it. Is your product or service scalable? Can you replicate your product or service to a greater market, can you grow your business to a level you want?   When first starting out you need to find a product or service that fits into a marketplace where you have healthy competition. There’s no point ‘reinventing the wheel’ this becomes expensive unless you have a lot of cash behind you to invest. BEST MOMENTS “People don’t buy what they need they buy what they want” “Is there a want, a desire for the product or the service that I have to offer?” “Follow the clues your competitor has left” VALUABLE RESOURCES   BulletProof Business Podcast   ABOUT THE HOST   Paul Abercrombie   Entrepreneur, Speaker, and Founder of Multiple Businesses. Paul is on a mission to help business owners and Entrepreneurs achieve success.   "In 2008 I left my full-time job to follow my dream of owning my own business and building a better life for me and my family. Since then I have started 12 businesses, generated millions in sales revenue and employed hundreds of people. I have also had some epic failures, made many mistakes and it’s my mission to ensure other can learn from my experience, avoid the mistakes I have made and achieve success in both life and business!”   CONTACT DETAILS   Paul Abercrombie LinkedIn See omnystudio.com/listener for privacy information.

Steps to Successfully Validate YOUR Business Idea

Paul talks today about a key concept in the book ‘The Seven Laws of Wealth’, to always execute. KEY TAKEAWAYS If you have the principle of always executing you then have the momentum that comes with it. Not everything will work out, you have to move past that. But if you develop the mindset to always execute you will shift your universe. BEST MOMENTS “If you’re sitting there with an idea…give yourself the self-discipline to believe in yourself and have the principle that you should always execute” VALUABLE RESOURCES   BulletProof Business Podcast   ABOUT THE HOST   Paul Abercrombie   Entrepreneur, Speaker, and Founder of Multiple Businesses. Paul is on a mission to help business owners and Entrepreneurs achieve success.   "In 2008 I left my full-time job to follow my dream of owning my own business and building a better life for me and my family. Since then I have started 12 businesses, generated millions in sales revenue and employed hundreds of people. I have also had some epic failures, made many mistakes and it’s my mission to ensure other can learn from my experience, avoid the mistakes I have made and achieve success in both life and business!”   CONTACT DETAILS   Paul Abercrombie LinkedIn   See omnystudio.com/listener for privacy information.

Execution!

Paul talks today about his strategy for the podcast going forward and how he can help you implement strategies, start, scale and grow! He also talks about the differences between an employee and an entrepreneur, the mindset of both and the shift you need to make when going from one to the other. KEY TAKEAWAYS Paul really wants to focus hard on this podcast with strategies, mindset and inspiring content. He has some great guests and topics lined up for us all to learn from. Many employees focus on the metrics and goals they are given within their job role. Their focus is on their role and they have less consideration for the bigger picture. As a business owner and entrepreneur your sole purpose is to create pure value for your clients and doing this consistently well. You have to change from being the employee to the leader that inspires others to go above and beyond their job role to help the business. Many entrepreneurs just create a new job for themselves, that is because they are stuck in the employee mindset. Those that work in their passion, with their purpose, and their mission, will succeed. Because they will climb those walls, break down the barriers in their way as they are inspired to succeed and lead others.   BEST MOMENTS “Fundamentally the most important mindset shift you can go from is employee to entrepreneur” “Think bigger than you. Think bigger than your business” VALUABLE RESOURCES   BulletProof Business Podcast   ABOUT THE HOST   Paul Abercrombie   Entrepreneur, Speaker, and Founder of Multiple Businesses. Paul is on a mission to help business owners and Entrepreneurs achieve success.   "In 2008 I left my full-time job to follow my dream of owning my own business and building a better life for me and my family. Since then I have started 12 businesses, generated millions in sales revenue and employed hundreds of people. I have also had some epic failures, made many mistakes and it’s my mission to ensure other can learn from my experience, avoid the mistakes I have made and achieve success in both life and business!”   CONTACT DETAILS   Paul Abercrombie LinkedIn             See omnystudio.com/listener for privacy information.

The Switch from the Employee to the Entrepreneur

Many entrepreneurs start their businesses alongside a day job. It can difficult to know when to make the switch from employee to business owner and quit your job to focus solely on your business journey. In this episode, Paul talks about when the right time is to make the switch and why doing so at the right time is important to the success of your business and your life. KEY TAKEAWAYS Paul has heard some really bad advice on this and so wanted to give his insight. When you decide to just focus on the business it add a whole different perspective and level of stress. Knowing that you are now relying on that business to support you and your family. There are three points/metrics, if you hit these three points then it is time to make the switch to just focusing on your business. 1) If you have an idea, you need to prove the concept. You need to have some clients, generating leads and have a real eco system to support you before you go all in on the business. 2) Do not quit your job until the business is generating at least six figures in revenue. 3) You need to have at least 3-6 months living expenses generated from the profits of the business before considering quitting.   BEST MOMENTS “Picking the right time is critical” “Prove the concept first” VALUABLE RESOURCES   BulletProof Business Podcast   ABOUT THE HOST   Paul Abercrombie   Entrepreneur, Speaker, and Founder of Multiple Businesses. Paul is on a mission to help business owners and Entrepreneurs achieve success.   "In 2008 I left my full-time job to follow my dream of owning my own business and building a better life for me and my family. Since then I have started 12 businesses, generated millions in sales revenue and employed hundreds of people. I have also had some epic failures, made many mistakes and it’s my mission to ensure other can learn from my experience, avoid the mistakes I have made and achieve success in both life and business!”   CONTACT DETAILS   Paul Abercrombie LinkedIn See omnystudio.com/listener for privacy information.

When to Quit the Day Job

In this week’s show, Paul dives deeper into Clubhouse, the new social media phenomenon that’s become one of the go-to ways to build an audience through audio engagement. Paul talks about the three key insights he’s learned after spending time on the inside, so that you can energise your growth there, or make ready for when the gates well and truly open. KEY TAKEAWAYS You must be tactical and strategic when it comes to the time you spend inside Clubhouse. Don’t spend all your time on the same rooms. Choose wisely and get the most from your time there. Smaller, more specific rooms that have the potential to become far larger, and become thought-leader led. Ideas grow fast and strong. Remember that with all social media apps, there are consumers and there are producers. Always strive to be a producer and not a consumer. BEST MOMENTS ‘Get into Clubhouse and be tactical about what you want from it’ ‘Now, this is a conversation between moderators’ ‘Clubhouse is like a mastermind on steroids’ VALUABLE RESOURCES BulletProof Business Podcast ABOUT THE HOST Paul Abercrombie Entrepreneur, Speaker, and Founder of Multiple Businesses. Paul is on a mission to help business owners and Entrepreneurs achieve success. "In 2008 I left my full-time job to follow my dream of owning my own business and building a better life for me and my family. Since then I have started 12 businesses, generated millions in sales revenue and employed hundreds of people. I have also had some epic failures, made many mistakes and it’s my mission to ensure other can learn from my experience, avoid the mistakes I have made and achieve success in both life and business!” CONTACT DETAILS Paul Abercrombie LinkedIn See omnystudio.com/listener for privacy information.

Going Deeper With Clubhouse

Today Paul looks at the 10 biggest mistakes many people make when starting a business. If you can avoid these mistakes when starting out it will save you a lot of time and shortcut your way to success. KEY TAKEAWAYS 1) Starting a business without any legal entity. People often don’t think of the legal protection needed. 2) Using a personal bank account for your business. Things can get very messy when using a personal bank account for your business. 3) Planning for the upside only. If you don’t plan for the downturns and downsides then you can be unpleasantly surprised. 4) Only understanding the industry you are in and not understanding the market. If you don’t understand the needs in your own market you might be offering the wrong things to the customer you are trying to get. 5) Working with friends and not business partners. The earlier you can separate the business side from the personal/friendship/family side the easier it will be as the business grows. 6) Doing everything yourself. 7) Not respecting Intellectual Property. Anything you do in a business is intellectual property, many entrepreneurs don’t respect and protect their intellectual property. 8) 50/50 partners. 50/50 partnerships don’t work because you need a decision maker. Who has the final say? 9) Not Validating Your Idea. You need to validate your idea with market research. Speak to your client, find out exactly what they want. 10) Not Investing in marketing. So many people do not invest in their marketing. In able to scale and grow you need to market effectively. Marketing is one of the most important things you can do for your business. BEST MOMENTS “If you avoid these mistakes you should shortcut your time and hopefully make a success of whatever venture it is you are doing” “Plan for that downside”. “They think it’s Noah Ark, that you will build this product…and people will just come because you have done it, they fail to invest in marketing”. VALUABLE RESOURCES BulletProof Business Podcast   ABOUT THE HOST Paul Abercrombie Entrepreneur, Speaker, and Founder of Multiple Businesses. Paul is on a mission to help business owners and Entrepreneurs achieve success. "In 2008 I left my full-time job to follow my dream of owning my own business and building a better life for me and my family. Since then I have started 12 businesses, generated millions in sales revenue and employed hundreds of people. I have also had some epic failures, made many mistakes and it’s my mission to ensure other can learn from my experience, avoid the mistakes I have made and achieve success in both life and business!”   CONTACT DETAILS Paul Abercrombie LinkedIn See omnystudio.com/listener for privacy information.

The 10 Biggest Mistakes People Make

A question asked by many is ‘what should be your very first investment?’ Paul says the answer is obvious, it should be YOU. The number one investment if you haven’t already made it, is in yourself. KEY TAKEAWAYS The difference between where you are now and where you want to be can only be filled by skillset. If you are in a position where you have a generated a bit of money then use it to invest in you. Whether it’s paying for training, for a mentor or anything else – just do it. You are completely in control of an investment in yourself. BEST MOMENTS “The obvious investment is yourself” “Get yourself in a position to skill to the next level, to scale to the next level” VALUABLE RESOURCES BulletProof Business Podcast   ABOUT THE HOST Paul Abercrombie Entrepreneur, Speaker, and Founder of Multiple Businesses. Paul is on a mission to help business owners and Entrepreneurs achieve success. "In 2008 I left my full-time job to follow my dream of owning my own business and building a better life for me and my family. Since then I have started 12 businesses, generated millions in sales revenue and employed hundreds of people. I have also had some epic failures, made many mistakes and it’s my mission to ensure other can learn from my experience, avoid the mistakes I have made and achieve success in both life and business!”   CONTACT DETAILS Paul Abercrombie LinkedIn See omnystudio.com/listener for privacy information.

Invest In Yourself First

Is creating a Podcast on your to do list? Have you been meaning to start one for a while? Make 2021 the year you actually do it! In this episode Paul gives a no-nonsense, practical and simple guide on what you need to do to get your podcast started. Take action today! KEY TAKEAWAYS The social and vlog side of podcasting is separate to the actual, literal audio hosted on a podcast platform. It’s this audio, on this platform, that is the actual podcast. Everything else is secondary. You need to start with the content. You can do video and audio at the same time but it’s easier to get started if you just focus on audio. You can decide to do/add video for later episodes if you desire. The first thing you need is a podcast host. This allows you to upload you content and add the title etc. This host then automatically distributes your podcast to various platforms, e.g apple, amazon, spotify etc It’s then time to create some cover art work. The artwork that shows alongside your podcast, similar to an album cover. You can do this yourself if you have the skills or pay someone else to do it. After this you then need to write your biography. It’s the description of your podcast, be detailed and specific about the theme of your podcast. Adding an intro and outro to your podcast isn’t essential but it does make it more professional and ‘complete’. It’s a good idea to repurpose the original content of a podcast on social media. For example cutting bits up to use on an Instagram story. It does involve a lot of editing so it might not be something you do straight away but it’s a great strategy to be looking towards once you have got started. You need to do all the work, particularly on social media, to get traction behind your podcast, or you will not get listeners. Having a podcast is ‘playing the long game’. It will take time to build up listenership and a following. Make sure the podcast subject is around your passion. You have to be consistent over a long period of time for a podcast to be successful, you need to be able to keep your interest and enjoyment alive. BEST MOMENTS “Just get started with an audio-only based podcast as it’s the simplest route to get started” “Getting started is the key, once you have got started you can improve the quality, you can get it perfect” “Unless anybody knows about the podcast it’s not going to get any listens” VALUABLE RESOURCES BulletProof Business Podcast   ABOUT THE HOST Paul Abercrombie Entrepreneur, Speaker, and Founder of Multiple Businesses. Paul is on a mission to help business owners and Entrepreneurs achieve success. "In 2008 I left my full-time job to follow my dream of owning my own business and building a better life for me and my family. Since then I have started 12 businesses, generated millions in sales revenue and employed hundreds of people. I have also had some epic failures, made many mistakes and it’s my mission to ensure other can learn from my experience, avoid the mistakes I have made and achieve success in both life and business!”   CONTACT DETAILS Paul Abercrombie LinkedIn See omnystudio.com/listener for privacy information.

Get Your Podcast Started Now: A How-To Guide

In this episode, Paul talks about the social media platform everyone is talking about right now, Clubhouse! Paul has spent the last 14 days on clubhouse, tune in today to listen to his thoughts and tips. KEY TAKEAWAYS Clubhouse launched in March 2020 for a select group of celebrities. It was a very closed platform. It’s still relatively closed now as you have to be invited to join. Clubhouse is an audio only platform. You enter rooms and can listen to people speak. You can also engage by ‘raising your hand’ and actually ask questions rather than just leaving comments like you would on a platform like Facebook. If you want to start a business you want to get onto clubhouse asap. It’s a bit like the old social media in the sense you follow someone and they follow you back. But the difference is you can find your target clients/customers more easily. Participation is key. If you are going to join a room try to talk and add value. It’s got a great biography function. You can make it short, long, include links and so much more. It gives you great access to others and can give people good access to you too. It’s very much like a mastermind, except it’s completely free! BEST MOMENTS “Some of these guys are HUGE, you are talking about people you would never normally get access to” “It’s like a class-A drug for anybody that wants to consume content”  “The people on the room got great answers, it’s insane what that one app can give to people at the moment” VALUABLE RESOURCES BulletProof Business Podcast   ABOUT THE HOST Paul Abercrombie Entrepreneur, Speaker, and Founder of Multiple Businesses. Paul is on a mission to help business owners and Entrepreneurs achieve success. "In 2008 I left my full-time job to follow my dream of owning my own business and building a better life for me and my family. Since then I have started 12 businesses, generated millions in sales revenue and employed hundreds of people. I have also had some epic failures, made many mistakes and it’s my mission to ensure other can learn from my experience, avoid the mistakes I have made and achieve success in both life and business!”   CONTACT DETAILS Paul Abercrombie LinkedIn See omnystudio.com/listener for privacy information.

How to Get in Clubhouse Now! (Bypass Invite Explained)

In this episode, Paul talks about how much we had to contend with in 2020. How difficult it has been to stay focused and do what needs to be done with everything happening around us. But, the lessons we have learnt in 2020 are what will carry us on through to 2021 and beyond. KEY TAKEAWAYS 2021 is going to be just as tough as 2020. A lot of the major problems (Brexit, Pandemic, US Politics) are still present and on top of that we haven’t felt the full economic impact of 2020 yet. Pivoting your business is just as essential going into 2021. Never forget that your job as an entrepreneur and as a business owner is to create value. BEST MOMENTS “They disappeared…Because their business models were analogue in a digital age”  “The ability to pivot is so important” “Never stop adding value to your clients”   VALUABLE RESOURCES BulletProof Business Podcast   ABOUT THE HOST Paul Abercrombie Entrepreneur, Speaker, and Founder of Multiple Businesses. Paul is on a mission to help business owners and Entrepreneurs achieve success. "In 2008 I left my full-time job to follow my dream of owning my own business and building a better life for me and my family. Since then I have started 12 businesses, generated millions in sales revenue and employed hundreds of people. I have also had some epic failures, made many mistakes and it’s my mission to ensure other can learn from my experience, avoid the mistakes I have made and achieve success in both life and business!” See omnystudio.com/listener for privacy information.

Pivoting Into 2021

  In this episode Paul talks about The Six Human Needs by Tony Robbins. Paul has been on a journey of self-discovery over the past ten years and read and listened to many speakers and mentors but a large part of his growth mindset has come from his ability to understand the six human needs in himself and those around him. So today he shares these and how you can use them to be more successful in all areas of your life.   KEY TAKEAWAYS Understanding the six human needs has really helped Paul not only progress and motivate himself but influence and manage the people around him including his family and those he works with. The Six Human Needs are as follows: Certainty Uncertainty/Variety Significance Connection/Love Growth Contribution Individuals priorities within these six needs will vary; different needs will rank differently for different people! Paul tailors his goals around the three ‘core’ needs for him personally, Significance, Contribution and Growth because that’s what drives him as a person. He still checks in with the other needs but he knows to focus on these three that he is geared towards. Think about the needs of those around you. Every one of us is different as a human being. You may have a team that all have different priorities, your key skill is to understand what this is for each person. Having that information is power for you.     BEST MOMENTS   “We reflect back on successes and we reflect back on life and it’s important we do that”   “These six human needs were core in my skillset as an entrepreneur”   “Understand where your balance lies, what you need most in life, how you can balance the next 12 months of your life to get the most from your six human needs”   “You can really become a true leader and drive them in the right direction”   VALUABLE RESOURCES   The Six Human Needs – Tony Robbins   BulletProof Business Podcast   ABOUT THE HOST Paul Abercrombie Entrepreneur, Speaker, and Founder of Multiple Businesses. Paul is on a mission to help business owners and Entrepreneurs achieve success. "In 2008 I left my full-time job to follow my dream of owning my own business and building a better life for me and my family. Since then I have started 12 businesses, generated millions in sales revenue and employed hundreds of people. I have also had some epic failures, made many mistakes and it’s my mission to ensure other can learn from my experience, avoid the mistakes I have made and achieve success in both life and business!”   CONTACT DETAILS Paul Abercrombie LinkedIn See omnystudio.com/listener for privacy information.

The Six Human Needs

  Today Paul talks about how he plans ahead for his year and how it is key to his focus and success. He shares his format and tips so you can do the same and get your 2021 off to a great start!   KEY TAKEAWAYS It’s easy to get lost and lose focus when you do not have a clear direction or end goal. This is the failure point for many entrepreneurs and businesses. Paul tracks his goals each year. He has a document with 16 sections that he completes for the year ahead. He refers back to it each month to ensure he is on plan as he should be and is on track to where he wants to be. It gives him focus throughout the year. If you have more than 3-5 goals it can be very difficult to achieve. It then means you end up having more ‘unticked’ items that ‘ticked’ and can have a negative impact on how you feel about your progress. If you are strict about only doing things that fit within your values then it can be a key indicator in what you need to do to enable yourself to move forward. Do not let other people’s beliefs of you limit yourself in life. Make those big goals, dream those impossible dreams! Many of us overestimate what we can do in 12 months and underestimate what we can do in five years. Keep this is mind when making yearly plans.   BEST MOMENTS   “The reason that they fail is that they don’t know where they are going, they get lost”   “If you can make values one of your core drivers then it’s quite a powerful tool to have”   “I really do not give a flying hoot about what people care [think] about me anymore”   VALUABLE RESOURCES BulletProof Business Podcast   ABOUT THE HOST Paul Abercrombie Entrepreneur, Speaker, and Founder of Multiple Businesses. Paul is on a mission to help business owners and Entrepreneurs achieve success. "In 2008 I left my full-time job to follow my dream of owning my own business and building a better life for me and my family. Since then I have started 12 businesses, generated millions in sales revenue and employed hundreds of people. I have also had some epic failures, made many mistakes and it’s my mission to ensure other can learn from my experience, avoid the mistakes I have made and achieve success in both life and business!”   CONTACT DETAILS Paul Abercrombie LinkedIn See omnystudio.com/listener for privacy information.

Look to the Future Now - Planning Ahead

Today Paul talks about the difference between websites and landing pages. Paul talks through the key differences between the two, how you can build both and some key tips! By the end of this podcast you’ll be clear on what they both are and how you can maximise them in your business!   KEY TAKEAWAYS It has become clear to Paul recently that there are many business leaders who aren’t clear on the differences between a landing page and a website. Going back 7-10 years people were building very large websites with anything and everything on them. Nowadays they are much more trimmed down and very user friendly. A website is to provide a generalised view of your business. Landing pages are used for a specific marketing campaigns. You don’t want anyone to go anywhere else from a landing page.     BEST MOMENTS   “There’s no right or wrong marketing, there’s testing to find the right way that works for you”     VALUABLE RESOURCES BulletProof Business Podcast   ABOUT THE HOST Paul Abercrombie Entrepreneur, Speaker, and Founder of Multiple Businesses. Paul is on a mission to help business owners and Entrepreneurs achieve success. "In 2008 I left my full-time job to follow my dream of owning my own business and building a better life for me and my family. Since then I have started 12 businesses, generated millions in sales revenue and employed hundreds of people. I have also had some epic failures, made many mistakes and it’s my mission to ensure other can learn from my experience, avoid the mistakes I have made and achieve success in both life and business!”   CONTACT DETAILS Paul Abercrombie LinkedIn                   See omnystudio.com/listener for privacy information.

Revisited! Its time someone talked about websites and Landing pages

Throwback to the five things YOU need to start a business.   Getting into business with the least resistance is about having the right systems and processes in place and in this episode Paul shares in detail the 5 things you need to have in place before you get started in business. If you have a trading entity, the statutory requirements in place, a minimum viable product or service, a sales process, a payment system and a fulfilment process then you have a business that is operational. People like to overcomplicate business but follow these fundamentals and you will be able to build a business that you can successfully scale. If you really want to be your own boss then focus on these 5 fundamentals to get started now.   KEY TAKEAWAYS Legal structure and trading entity - Decide how you are going trade and what mechanism you are going to use. Complete the legal requirements that mean you have a business. The statutory process – create the business and undertake the statutory processes required to establish it you must get the statutory requirements completed before you start. Minimum Viable Product (MVP) - What is the minimum viable product that you can use to get your business started? You can develop a product suite but to get started you need to focus on one product or service to start generating income. Sales process - This is the process from lead generation through to the paying customer. Look at the competition, those in your niche, and what are they doing, follow the clues of others who have done it before. Fulfilment and operational - What is the operational process you need to have in place to get the product or service to the client? Define what your process and minimal operational points are, what are you going to do to make sure you can fulfil and deliver what you have promised.   BEST MOMENTS ‘What is your purpose, your ‘why’, your mission in life, what do you want to achieve as a person’ ‘You only need a single product or service to get the business launched’ ‘The key is to get into business with the least resistance’   VALUABLE RESOURCES BulletProof Business Podcast   ABOUT THE HOST Paul Abercrombie Entrepreneur, Speaker, and Founder of Multiple Businesses. Paul is on a mission to help business owners and Entrepreneurs achieve success. "In 2008 I left my full-time job to follow my dream of owning my own business and building a better life for me and my family. Since then I have started 12 businesses, generated millions in sales revenue and employed hundreds of people. I have also had some epic failures, made many mistakes and it’s my mission to ensure other can learn from my experience, avoid the mistakes I have made and achieve success in both life and business!”   CONTACT DETAILS Paul Abercrombie LinkedIn                   See omnystudio.com/listener for privacy information.

Revisited! 5 Things Needed to Start a Business

Welcome to the Bulletproof Business Podcast. This show is for those who are looking to achieve their dreams by starting and scaling their own business. We give you no nonsense business advice that will take your life and business to the next level.

hubhopper

Bulletproof Business

hubhopper