How to Start Your Business Today
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Transcript of How to Start Your Business Today
![Page 1: How to Start Your Business Today](https://reader034.fdocuments.us/reader034/viewer/2022051617/55a43ea91a28abad378b46a0/html5/thumbnails/1.jpg)
Zack Miller, Founder of Hatch
How To Start Your Business Today
Webinar
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9 Things to do before you get your business license.
What To Expect:
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Who Am I?
q Founder, Hatch q First Business at 10: Guy and a Rake q Self-Taught Management q Took 2 person company and grew to 11 FTE
and 700% growth, roughly 1.4 mm q Created Start Norfolk q Interim Chief Marketing Officer
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What is Hatch?
¨ Accelerator, Seed Fund, Campus ¨ 40+ Portfolio Companies ¨ 1000 Four
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Let’s Jump In!
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What Needs To Be Fixed?
¨ What are the problems that exist?¨ Search forums, Reddit, Craigslist, etc.
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Who Needs It To Be Fixed?
¨ Businesses or Customers?
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How Badly Do They Need It Fixed?
¨ Are there data points that show this is a high problem?
¨ Reach out to the people who are sharing their problems, see what they are currently doing to fix and what they are paying to do so.
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Can You Fix It?
¨ Do you love the topic enough to work on it?
¨ Do you know enough to create a solution?
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How Much Will It Cost You?
¨ Is this a project that is very capital intense to start, or can you develop with self funding?
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How Much Are They Willing To Pay You?
¨ For those that are sharing their problems, what are they paying now (if at all) and what would they pay you to create the solution?
¨ Are they willing to pay you now?
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How Can You Prototype It?
¨ Create a minimum viable product and get this in the hands of those who are requesting a solution
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Who Wants It?
¨ Create a spreadsheet of your target customers.
¨ PDF download available.
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Well…
¨ Did they buy it? Pre-Order it? Once you have 5 sold in 3 days, you have it validated.
¨ Do not physically build or automate anything until you have it validated.
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NOW…
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¨ Go get your legal business stuff.
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Ask Hatch Questions
Recap
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Zack Miller Founder, Hatch mobile: +1 757-295-8635 twitter: @zackmiller84 linkedIN: www.linkedin.com/in/zackmiller84
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