I was recently speaking with a friend of mine who is in the process of starting a business. I was answering some of his questions when I realized how daunting it can be to start a business if you haven’t done it before. And how simple it seems after you’ve done it.

Unfortunately, our entire educational system is designed by and staffed by employees. There’s [substantially] no free market competition in the world of education and thus, no teaching of entrepreneurship.

And so, I believe we need a “beginners business” curriculum. Today’s show is my first attempt to fill that void.

The basic first steps of starting a business have almost nothing to do with financial or legal stuff and everything to do with making sales.

  1. Write out, on paper, what you propose to do and for whom.
  2. Write out, on paper, how you propose to reach those people.
  3. Start reaching out to them and sell, sell, sell!
  4. Open a business checking account. (And maybe a business credit card.)
  5. Keep a business journal.
  6. Go make some money.
  7. After making money, then adjust and re-orient and start working on accounting systems, entity selection, etc.

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