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Getting Started as an
Entrepreneur
Richard Guha
Entrepreneur in Residence
Sacred Heart University, Fairfield, CT
(C)	2020	Max	Brand	Equity,	Inc.
Have	an	idea
(C)	2020	Max	Brand	Equity,	Inc.
Have	a	hunger	to	build	a	business
(C)	2020	Max	Brand	Equity,	Inc.
Validate	the	Need	– talk	to	prospective	
customers
(C)	2020	Max	Brand	Equity,	Inc.
Size	the	Opportunity
(C)	2020	Max	Brand	Equity,	Inc.
Understand	Competition
(C)	2020	Max	Brand	Equity,	Inc.
Build	a	strong	team
(C)	2020	Max	Brand	Equity,	Inc.
Build	a	Product	Road	Map	– test	with	customers	
continuously
(C)	2020	Max	Brand	Equity,	Inc.
Create	a	‘Go	to	Market”	plan
(C)	2020	Max	Brand	Equity,	Inc.
Barriers	to	Entry
(C)	2020	Max	Brand	Equity,	Inc.
Intellectual	Property	– Patents;	Trademarks	&	
Copyright
(C)	2020	Max	Brand	Equity,	Inc.
Your	legal	Structure	– discuss	with	experts	other	
than	only	lawyers,	as	each	has	implications
(C)	2020	Max	Brand	Equity,	Inc.
Financials
(C)	2020	Max	Brand	Equity,	Inc.
How	do	you	fund	it?
(C)	2020	Max	Brand	Equity,	Inc.
Overview
(C)	2020	Max	Brand	Equity,	Inc.
Develop	a	Great	“Pitch	Deck”
• Encapsulation	of	your	Business	plan
• No	more	than	12	slides;	5-7	minutes	to	deliver
• Few	words;	use	pictures	and	graphics;	voice	over	
presentation	is	key
• Prepare	a	30	second	“elevator	pitch,”	and	5	second	“sound	
bites”
• Seek	out	and	take	advice	from	people	who	have	done	it	
before.
(C)	2020	Max	Brand	Equity,	Inc.
Questions?
• richard@guha.us
(C)	2020	Max	Brand	Equity,	Inc.

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Getting started as an entrepreneur 8 25 2020