Start the f **k up

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Have you been thinking of kick starting your own business/ start up for quite some time. Here are some ideas to convert your thought process into an action plan. So would you stop thinking and start …

Have you been thinking of kick starting your own business/ start up for quite some time. Here are some ideas to convert your thought process into an action plan. So would you stop thinking and start the f**k up

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  • 1. Start the f**k up
  • 2. Its been long since you first thought you will kick start your business one day
  • 3. But you haven’t made much progress yet. Have you?
  • 4. Lets think about it. What stands between you and that idea you have always wanted to own and execute?
  • 5. Honestly it has to be this silly little thing called ...
  • 6. Uncertainty
  • 7. Uncertainty Fear Insecurity Inaction Leads to Leads to Leads to
  • 8. Can I do something to combat this?
  • 9. Off course you can dumbass!
  • 10. How do you counter uncertainty? With ..
  • 11. Clarity
  • 12. Clarity Plan Confidence Action! Leads to Leads to Leads to
  • 13. Awesome! So where do I start?
  • 14. Start by putting it down on a paper! (or OneNote or Evernote or whatever)
  • 15. Just let out a big raw heap of your thought process, concerns, USP, direct/indirect competitors, product design, sales process, blah blah blah on a blank sheet
  • 16. Search the internet, read reports, browse competitor’s website, if possible try out their service and keep writing things down for 1 week
  • 17. Once you have connected a bunch of ideas and value propositions, its time to carve out three essential building blocks of your plan from this thought graph.
  • 18. ● A pitch deck explaining your idea ● Basic financial plan for your business ● Basic financial plan for yourself
  • 19. The pitch deck
  • 20. But wait, shouldn’t I just jump in to code or build a prototype and launch the damn thing!
  • 21. Sure, you could. If : a. It only takes a few hours to build out the product b. You just want to put it out there, spread the word within your friends and active communities and hope to get lucky
  • 22. But if you want to methodically build a business, then your top priorities right now might be as follows
  • 23. ● Refine the pitch and idea ● Find a co-founder or hire the first employee ● Excite and convince your friends to join you ● Figure out what the MVP would look like ● Raise funds, if required (I am a fan of bootstrapping)
  • 24. So shortlist a bunch of your smart friends and colleagues and prepare a hiring pitch which includes
  • 25. ● Problem you are trying to solve ● How much impact (or money) could it potentially make ● What skill sets do you need on your team to move full throttle ● What do your team members stand to gain
  • 26. Practice to tell your story with a lot of conviction. Why do you feel motivated to solve this problem? Why have you chosen this fellow in particular to join you? Make it personal.
  • 27. Word of warning: You are probably going to sound stupid the first few times you articulate your idea (atleast I do), so chose your audience carefully
  • 28. Financial plan for Business
  • 29. Hey, I am still digesting the ideas from previous slides!
  • 30. Alright then! I will cover the rest in a follow up presentation. You can follow me on Slideshare to get the update
  • 31. Or get in touch via Twitter (@vineet_markan) / LinkedIn (/in/vineetmarkan)
  • 32. Go ahead do something amazing! And dont forget to hit the Like button