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.
If you do this in pitch deck form you are also simultaneously creating this asset in a medium that you can quickly share with others, and even send out to potential investors and partners today. T
his is far more efficient if you just grab a proven existing pitch deck template, like the one in this fundraising training course and fill in the blanks.
Taking the time to hash out an initial marketing plan, budget, and cash flow analysis for the next 90 days will help a lot too and will show you have things buttoned up towards angel investors.
When thinking about how to start a business in a few hours you’re going to need a business and business bank account to pay for anything you need and to start accepting money from sales.
You can incorporate your business online in a few minutes on sites like LegalZoom. It’s great to do this better with the help of a real corporate attorney. Though this can get you off the ground today.
File your business name. Hop over to the social security website and get a tax ID number. Use these two things to open your business bank account online.
In this stage of the process, you also want to reserve your website domain name, email address and matching social media handles.
5. Design Your Brand
Your brand identity is a powerful tool that can make all the difference in your success.
Create or have a logo created for you. You can always update and improve on it later. Choose a slogan or tagline, a couple of sentences you will use as an elevator pitch, and the brand colors and font you’ll use.
6. Launch Your Website
You can get up a reasonable website or landing page in just a couple of hours. There are plenty of DIY website builders and landing page tools to use out there. If you don’t already have someone on call, fill in the blanks and get one operational today.
This will enable you to start taking orders, selling and bringing in cash today.
7. Start Selling
To really nail it on how to start a business in a few hours remember it’s not really a business unless customers are buying something from you.
Begin by messaging everyone you know. Send emails, social media DMs, text messages and even just pick up the phone.
If you have the budget, start running Google Ads and launch a press release in the media.
Knock on doors to sell in person, or gather as many target prospects together in the same place tonight for dinner, happy hour, or something else to share, pitch and solve their problems.
8. Hire Anyone You Need To Help Out
The best talent is always busy. So, ideally, you would have been alert to these needs, and recruited and started this two to four weeks ago. If you didn’t take your experiences from today and recruit the help you need to fill in the gaps and polish what you’ve already done today.
This may likely include a law firm, accountant, graphic and web designer, customer service reps, fundraising coach, and freelance talent to work your copy and messaging, as well as ad help.
What business will you start today? Remember that storytelling plays a key role in fundraising. This is being able to capture the essence of the business in 15 to 20 slides. For a winning deck, take a look at the template created by Silicon Valley legend, Peter Thiel (see it here) that I recently covered. Thiel was the first angel investor in Facebook with a $500K check that turned into more than $1 billion in cash.
Remember to unlock the pitch deck template that is being used by founders around the world to raise millions below.
ACCESS THE PITCH DECK TEMPLATE