If I Started a Business in 2025, I’d Do THIS


Summary

The video provides a comprehensive guide on starting and growing a service-based or consulting business from scratch with no money or experience. It emphasizes defining goals, thorough niche research, and choosing a business model. Key phases include mindset transformation, problem-solving, mastering sales fundamentals, and efficient operations for profitability and scalability. It highlights the importance of overcoming limiting beliefs, honing critical thinking, sales skills, and mastering financial management for business success.


Starting a Service-Based Business

The video discusses how to start and grow a business from scratch with no money or experience, focusing on a service-based or consulting business model. It outlines three approaches: 'done for you' where the work is done for clients, 'done with you' where clients are coached, and 'do it yourself' where clients are taught to do the work themselves. It emphasizes the importance of defining goals and researching the niche thoroughly.

Building Foundations

The initial phase involves laying the foundations of the business, starting with defining goals and desired outcomes. It stresses the importance of deep research into the niche, understanding the target audience, and identifying solutions to the problems they face. It also highlights the significance of choosing a business model and crafting a compelling offer for the niche market.

Developing the Right Mindset

The mindset phase focuses on understanding and transforming personal beliefs and identity to align with success. It highlights the importance of identifying and overcoming limiting beliefs, embracing change, and cultivating a mindset conducive to achieving business goals. Critical thinking and self-awareness are key aspects of this phase.

Problem-Solving Approach

This phase revolves around identifying a problem to solve and learning how to tackle it effectively. It involves researching the problem, studying competitors, and applying innovative solutions by combining various disciplines to offer unique approaches. Critical thinking and expertise development are critical in this phase.

Sales and Marketing Strategies

The focus is on mastering sales fundamentals, conducting sales calls, and creating compelling scripts to attract and convert prospects. The phase emphasizes the importance of volume in outreach and honing sales skills to increase conversions. Building content and using tools like Calendly for appointments play crucial roles in this phase.

Operational Excellence

The operations phase delves into financial management, hiring professionals like accountants, customer support systems, project management, workflows, and standard operating procedures. It underlines the significance of efficient operations for profitability and scalability, leading to the eventual goal of hiring an assistant for streamlining tasks and processes.

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