Are you wondering how to start a business in a few hours?
Some people spend months or years cultivating a business idea, planning, and getting to market. That has worked out tremendously well for a few founders. It has cost far more would-be entrepreneurs everything when putting together that initial business plan.
While there are certainly advantages to taking your time to do things well, things are moving so fast, that you’ll now be rebuilding your rocket ship in the air anyway. Why not kick the excuses to the curb? Start your next business right now, today.
Here’ how to do it in the next few hours…
When thinking about how to start a business in a few hours, don’t waste even a single day of your life because you were in too much of a hurry to do some basic research. If you don’t have an hour to research, you don’t have time to start a business.
The first thing you want to know is who your competition is. Who are they? How many are there? How are they doing it? What is the gap they are leaving to fill? How can you truly find an attractive competitive advantage in this space?
How many people are searching for a solution like this? What terms are they using to search for it?
How big is this market? How big is your addressable market? What’s a reasonable market share you can expect to take?
Other questions worth asking may include, how others will react to your entrance, and how much other companies in your space are raising in funding from investors.
You can get a good handle on all of this in a few minutes to an hour on Google. Though it’s also worth having a coach or consultant double-check your findings and assumptions.
2. Hone Your Idea
Equipped with all of the above knowledge, now hone your business idea. To address the question of how to start a business in a few hours you should be answering the following:
- Why are you choosing this business?
- Who is it for?
- How are you solving the problem?
- What will your edge be?
- What’s the biggest vision you can cast for this company in the future?
- What’s the immediate focus that you can execute on right now?
- What’s your MVP that you can start selling by the end of the day?
3. Create A Pitch Deck
If you are launching this business today, you don’t have time to complete one of those big voluminous old school business plans. A one-page business plan and action plan can get you through. Just a one page Word document.
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