If I Started a Business in 2025, I’d Do THIS
Updated: January 24, 2025
Summary
The video provides a comprehensive guide on starting and growing a service-based or consulting business from scratch with no money or experience. It emphasizes defining goals, thorough niche research, and choosing a business model. Key phases include mindset transformation, problem-solving, mastering sales fundamentals, and efficient operations for profitability and scalability. It highlights the importance of overcoming limiting beliefs, honing critical thinking, sales skills, and mastering financial management for business success.
Starting a Service-Based Business
The video discusses how to start and grow a business from scratch with no money or experience, focusing on a service-based or consulting business model. It outlines three approaches: 'done for you' where the work is done for clients, 'done with you' where clients are coached, and 'do it yourself' where clients are taught to do the work themselves. It emphasizes the importance of defining goals and researching the niche thoroughly.
Building Foundations
The initial phase involves laying the foundations of the business, starting with defining goals and desired outcomes. It stresses the importance of deep research into the niche, understanding the target audience, and identifying solutions to the problems they face. It also highlights the significance of choosing a business model and crafting a compelling offer for the niche market.
Developing the Right Mindset
The mindset phase focuses on understanding and transforming personal beliefs and identity to align with success. It highlights the importance of identifying and overcoming limiting beliefs, embracing change, and cultivating a mindset conducive to achieving business goals. Critical thinking and self-awareness are key aspects of this phase.
Problem-Solving Approach
This phase revolves around identifying a problem to solve and learning how to tackle it effectively. It involves researching the problem, studying competitors, and applying innovative solutions by combining various disciplines to offer unique approaches. Critical thinking and expertise development are critical in this phase.
Sales and Marketing Strategies
The focus is on mastering sales fundamentals, conducting sales calls, and creating compelling scripts to attract and convert prospects. The phase emphasizes the importance of volume in outreach and honing sales skills to increase conversions. Building content and using tools like Calendly for appointments play crucial roles in this phase.
Operational Excellence
The operations phase delves into financial management, hiring professionals like accountants, customer support systems, project management, workflows, and standard operating procedures. It underlines the significance of efficient operations for profitability and scalability, leading to the eventual goal of hiring an assistant for streamlining tasks and processes.
FAQ
Q: What are the three approaches outlined for starting and growing a business from scratch?
A: The three approaches outlined are 'done for you', 'done with you', and 'do it yourself'.
Q: What is the importance of defining goals and researching the niche in starting a business?
A: Defining goals and researching the niche thoroughly helps in laying the foundations of the business, understanding the target audience, and crafting a compelling offer for the niche market.
Q: What is emphasized in the 'mindset phase' when it comes to starting and growing a business?
A: The 'mindset phase' emphasizes understanding and transforming personal beliefs to align with success, overcoming limiting beliefs, embracing change, and cultivating a mindset conducive to achieving business goals.
Q: What is the focus of the phase revolving around identifying a problem to solve effectively?
A: The focus is on researching the problem, studying competitors, and applying innovative solutions by combining various disciplines to offer unique approaches.
Q: What are the key aspects of mastering sales fundamentals in the business growth process?
A: Mastering sales fundamentals includes conducting sales calls, creating compelling scripts, focusing on outreach volume, and honing sales skills to increase conversions.
Q: What aspects are covered in the operations phase of the business growth journey?
A: The operations phase covers financial management, hiring professionals like accountants, customer support systems, project management, workflows, standard operating procedures, and the eventual goal of hiring an assistant for streamlining tasks.
Get your own AI Agent Today
Thousands of businesses worldwide are using Chaindesk Generative
AI platform.
Don't get left behind - start building your
own custom AI chatbot now!