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The Really Rich Podcast with Nicholas Crown
How to Start a Business
Oct 16, 2023
This podcast discusses the process of starting a business, including small tests for validation, gathering market feedback, and cost-effective delivery strategies. It also covers the creation of self-reliant companies, scaling up through Slack channel companies, and diversifying product offerings for growth.
12:50
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Quick takeaways
- Conduct small, cheap tests to validate business ideas and gauge customer interest before investing significant resources.
- Utilize different approaches such as doing it all yourself, leveraging contractors through a Slack channel, or hiring a developer to deliver the product or service efficiently.
Deep dives
Phase 1: Testing
In this phase, the podcast emphasizes the importance of conducting small, cheap tests to validate business ideas. Examples of tests mentioned include surveys, emails, setting up a stand, and running social media or search ads to gauge customer interest. Testing helps determine if there is demand for the product or service before investing significant resources in building it.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode