Launching a business is never easy but there are a few common pitfalls that consume most businesses. Learn what those are and how to protect and proactively run a profitable business.

1. r1.2 • Aug 2016 • Copyright ©2003-2016, LifeMAPP, LLC. All rights reserved.
m e n t o r i n g f o r l i f e
TOP 10 PROVEN TECHNIQUES
g l o b a l m e n t o r i n g p r o g r a m s
LAUNCH A NEW BUSINESS
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2. CREATE PURSUE&
A LABOR OF LOVE
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Starting a business will test your patience, your resolve and your resources. Having a plan is
important but having a commitment to the plan will determine the fate of your business.
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m e n t o r i n g f o r l i f e

3. g l o b a l m e n t o r i n g p r o g r a m s
KNOW UNDERSTAND&
YOUR TARGET AUDIENCE
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How do their habits, behaviors and finances play into their purchasing decisions? What
problem are you solving for them? Meet their needs and make their choices easier.
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4. ESTABLISH ISOLATE&
YOUR UNIQUE BRAND OFFERING
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If your product/service is not unique what are you improving on — cost, speed, quality? Stick
to one or two of the three and never apologize or chase customers outside of your choice.
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m e n t o r i n g f o r l i f e

5. g l o b a l m e n t o r i n g p r o g r a m s
CREATE PROTECT&
KEY BUSINESS ASSETS
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Secure and protect your name, logo, website address and key offerings to build upon. As
soon as you have established revenues, budget for copyright/trademark protection.
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6. DEVELOP FOLLOW&
A ROUGH BUSINESS PLAN
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Whether formal or not, you should be able to project income, expenses and profitability.
Most forecasts are guesses so use them as a guideline and adapt your plan as you go.
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m e n t o r i n g f o r l i f e

7. g l o b a l m e n t o r i n g p r o g r a m s
DETERMINE THE BESTBUSINESS MODEL FOR YOU
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How will you market and transact business? Online, storefront, from home, your car? Will you
maintain another job to pay bills? Will you hire contractors or seek investors/partner?
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8. SELECT A PROTECTIVEBUSINESS STRUCTURE
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Consult with local experts but always aim for maximum liability protection and minimum taxes
and paperwork. You’ll need all the capital you can retain to launch and sustain marketing.
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m e n t o r i n g f o r l i f e

9. g l o b a l m e n t o r i n g p r o g r a m s
PLAN ORGANIZE&
YOUR LOGISTICAL OPERATIONS
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Having proven systems in place can pre-determine success or failure. Do as much of this as
you can before launch allowing you to run on autopilot towards established goals.
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10. RAISE UP FUNDINGTO GROW YOUR BUSINESS
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Be selective, smart & creative when seeking money to fund your startup. If you can, use your
own savings & be frugal before/after startup. Avoid loans unless you can handle the weight.
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m e n t o r i n g f o r l i f e

11. g l o b a l m e n t o r i n g p r o g r a m s
MARKET BUILD&
YOUR CLIENT BASE AND SALES
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Your potential clients must know you exist to purchase. And for your business to exist and be
real, you must have sales/revenues. Without marketing and sales, your business will die.
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12. LEARN MORE TODAYJOIN US FOR FREE
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Join us on facebook.com/lifemapp and lifemapp.com. Self-study for FREE or group study
with a mentor for only $129/month. Grow with us and find your Opportunities & Significance.

13. g l o b a l m e n t o r i n g p r o g r a m s
THANK YOU!
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Copyright ©2003-2016, LifeMAPP, LLC. All rights reserved.
Published in Boulder, Colorado, US
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