Have a friend over to work on your pitch deck today. Again, film yourself and watch it replayed. If you have a large screen or a blank wall to project onto, set your camera up at an investor and pitch to it. Have your partner help you find and correct the weak points.
30-Day Business Challenge:Day 13
Use today to research pitch decks. These, in brief, are typically PowerPoints with 10-12 slides that you might send digitally or present in person to new potential investors. There are several references on do’s and don’ts out there. With a brief online search, you will find one you can utilize. Once you find one you like, go ahead and work on this presentation.
30-Day Business Challenge:Day 12
If you’ve never worked in sales, take today to watch a few videos online and read a few articles about selling yourself and your product or service. Practice in front of a mirror, film yourself and watch it back. Have a friend help advise you. They may see something that you miss. Pitch to them, practice, practice, practice! Soon it will become second nature.
30-Day Business Challenge:Day 11
If you don’t already have the funds to start your new venture, look into getting a business loan and credit card. Make a list of potential investors and look into crowdsourcing. Go ahead and set up any online sources you can.
30-Day Business Challenge:Day 10
Come back to your business plan. Read through it. Do you still agree with everything? If not, make changes to it today and begin to implement those changes. If everything still measures up, go through it with a fine-toothed comb and make sure you’re set up to meet all of your goals.
30-Day Business Challenge:Day 9
While you’re looking into the legal side of things, make sure you don’t need any permits or licensure. Even online businesses can be subject to specific licensing and regulatory practices. It’s also not a bad idea to check and see if your business might qualify for a tax exemption.
30-Day Business Challenge:Day 8
Today you should make sure your product or service is complete. It’s better to have something that is finished that something perfect; changes will come along the way. Take your product through its functions. Make sure that, when you get to the end, you’re where you want to be.
If you’re providing a service, run through the entire process start to finish and make sure you have everything you need for every step. Touch everything you will need. If you make a mental note to get something, you may not have its opening day.
30-Day Business Challenge:Day 7
If you need some help getting your product from concept to tangible, today you should find a local prototype designer such as Beyond Design Inc. in Chicago or Kaleidoscope Innovation Product Design & Development in Cincinnati. Once you have a physical prototype, come back to the challenge and pick up here.
If you already have a prototype or are providing a service, set up some beta testing today. Get a few folks to try it out and give you their feedback. Start to identify your weak points and figure out possible solutions.
30-Day Business Challenge:Day 6
Today you can start setting up the face of your business. Do you have a logo? If not and you have the skills, try creating a few today. Choose a color pallet and a mascot if one is appropriate. Try writing the name of your business in different handwriting, block letters or script, and working the logo into the handwritten signature. If you are not artistically inclined, do a quick search for graphic designers in your area to help you out.
30-Day Business Challenge:Day 5
Now that you’ve looked into your intellectual property being insured, and what kind of business will work best for you, it wouldn’t be a bad idea to get some insurance for your actual company. This insurance can include but is not limited to, inventory, any physical space you do your work, vehicles used, even self and employee coverage.