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PODCAST

School for Startups Minutes

jim@schoolforstartups.com (Jim Beach)

The short vignettes are taken from School for Startups Radio. We release a quick thought to motivate or educate you about a different facet of entrepreneurship every day.

business business news

All Episodes

01:31

SFS Minute 683: CTA

School for Startups Minutes ·

2025/04/13

The federal government in their infinite, wisdom and desire to help me has now established another step in the legal's framework. They now require that you report, all beneficial ownership information. In other words, who owns the business as part of the corporate transparency act. It is a way of fighting terrorism and money laundering though. A lot of the conspiracy people think it's something else. Anyway, the CTA is your final step.

EN

01:31

SFS Minute 682: FEIN

School for Startups Minutes ·

2025/04/13

Go to irs.gov and get a federal employee identification number, and FEIN, it's like a social security number for your business. It's free very, very fast in the way the government will track you.

EN

01:31

SFS Minute 681: LLC

School for Startups Minutes ·

2025/04/13

The first step at the state level is selecting your business format, it will help determine your tax and liability infrastructure later on. There are many choices. The S Corp the C, Corp a sole proprietorship. I highly recommend though. You take the LLC, the limited liability company that will give you lots of ability to have tax flow through, and still strong protections in case something goes wrong.

EN

01:31

SFS Minute 680: Local

School for Startups Minutes ·

2025/04/13

Once you have your corporate notebook ready find out what local licenses you will need that's at the city or county level. Find out online and Pay the necessary fees and you will get your license in under a day.

EN

01:31

SFS Minute 679: Paperwork

School for Startups Minutes ·

2025/04/13

Welcome to the school for startups minute, with Jim Beach. This year we have been going through every single step you need to do to start a successful business and I hope you can do a low risk startup. Meaning you spend under five thousand dollars to test and validate your new idea. This week, we will go through all of the legal things you need to do to get up and running and you may notice. This is pretty deep in the series. We've been going a couple of months now. And I'm just now, bringing up the

EN

01:31

SFS Minute 678: Online Communities

School for Startups Minutes ·

2025/04/09

The last place to look online communities like looking to partner up and Founders list. So, great resources, lots of places to find a co-founder, but consider this just because you give them the title. Doesn't mean you have to give them that much Equity. Sometimes you satisfy their ego with the title, that's really all they want. And so giving them a bunch of equity is not necessarily part of the equation, see if you can give them the title and only 10 percent.

EN

01:31

SFS Minute 677: IRL!

School for Startups Minutes ·

2025/04/09

I've already mentioned that you should use your personal network. When looking for an entrepreneur, the problem with that is, you'll probably end up with a friend and that's not ideal. Instead, go to entrepreneur classes, networking events, University events, where other entrepreneurs are, and try to make a new friend and a co-founder

EN

01:31

SFS Minute 676: Matchmaking Sites

School for Startups Minutes ·

2025/04/09

If you're considering a tech startup this is definitely the method for you. There are several platforms that have great subgroups for finding co-founders. One is the YC co-founder matching platform and another is the co-founders lab. great places to look for technical co-founders.

EN

01:31

SFS Minute 675: Social Networks

School for Startups Minutes ·

2025/04/09

My second idea for finding a co-founder is to use your social networks, like Twitter and Linkedln. And Reddit.com has a great subgroup devoted to this exact topic.

EN

01:31

SFS Minute 674: Personal Network

School for Startups Minutes ·

2025/04/07

This year we are going through every single step that you need to take to start a successful business. We've worked our way up to discussing co-founders, whether you should have one or not. Today, I'm going to start a series on how to find your co founder. I'll start with the first tip right after this. The first way to find a co-founder is the old-fashioned way through your personal Network, simply by telling your friends asking around. Telling people that the chamber that sort of thing, maybe a

EN

01:31

SFS Minute 673: Copy!

School for Startups Minutes ·

2025/04/04

The best way to get a new business idea is to copy it, read a magazine, find someone that's doing something you like and do it yourself. Of course we're not going to copy any trademarks copyrights or patents, but copying is the best way to get started and Jeff Bezos. Never had a pest collection.

EN

01:31

SFS Minute 672: Solve Own Problem

School for Startups Minutes ·

2025/04/03

I sort of gave it away. When I mentioned problems, twice in the introduction to find a new business idea, solve one of your own problems. So many businesses have been founded on this principle, Jeff Bezos supposably started Amazon so he could sell his Pest collection.

EN

01:31

SFS Minute 671: Network Intersection

School for Startups Minutes ·

2025/04/02

One way to get a new business idea is to study your existing Network and skill set. So for example, if you go on Linkedln and find out that you have a hundred connections with purchasing managers, And you have strong experience in purchasing and Logistics, you should probably start some sort of purchasing and Logistics business. Now it may not sound fun and exciting to you. But it will be when you've made that first million dollars.

EN

01:31

SFS Minute 670: Gold Rush

School for Startups Minutes ·

2025/04/01

Who made the most money off the California Gold Rush. It wasn't the miners. It was Levi Strauss, in the people that sold shovels. Using that model today. We should study the existing Marketplaces and look for air areas that we can provide support, backbone, infrastructure, things that don't go away. Even when a boomer bust cycle might, let's call this technique support the Gold Rush.

EN

01:31

SFS Minute 669: Passion

School for Startups Minutes ·

2025/03/31

So far this year, we have been going step by step through everything you need to do and think about to start a new business. The model that we have been following is a low risk model where you try to start your business for under 5 000 this week. We're going to talk about perhaps one of the most important pieces. The creativity, how to get a new business idea. I'll save the best one for Friday, but will work our way up. I'll give you the first one right after this. One way to get a new business

EN

SFS Minute 668: Credibility

School for Startups Minutes ·

2025/03/21

Skills and a great Network, a good co-founder can also bring credibility to the table. I once did business with a retired two-star General. He was colon Powell's Chief of Staff and I have never seen anyone as good at getting meetings and getting into places that had previously been closed. Apparently, lots of people want to talk to and meet a retired General. Credibility can do a lot to help you grow your new business

EN

01:31

SFS Minute 667: Tech star or site

School for Startups Minutes ·

2025/03/21

We've talked about bootstrapping during the last couple of weeks because it's such an important idea. It is starting a business with as little money as possible, it allows you to test your idea. Hopefully, for under 5 thousand dollars, one of the Lynch pins of that is having someone on the team that can build technology for you can build your website's for you. Perhaps even do product design that person deserves to be a co-founder. So I highly suggest bringing on your Tech person as a co-founder to

EN

01:31

SFS Minute 666: Balance skills

School for Startups Minutes ·

2025/03/21

Another big consideration with co-founders is whether they bring a new skill set to the table or whether they balance your personality and your skill set. I had a co-founder with my very first business because I was too shy to make telephone calls and he was great at telephone calls that worked out really well for a while

EN

01:31

SFS Minute 665: Bring connections

School for Startups Minutes ·

2025/03/21

Another reason you might bring on a co-founder is because of their connections or their Network sometimes that's worth more than the money.

EN

01:31

SFS Minute 664: Bring money

School for Startups Minutes ·

2025/03/21

So far this year, we have been going through all of the things you need to do and consider before starting a new business. I want you to have thought about every single thing so that you don't make any mistakes and your successful in your new startup. Remember we believe in low risk startups, meaning that we're gonna try to do everything we can for under 5 000 dollars this week. I want to talk about co-founders, should you have one? Is it a good idea? What are the long-term benefits and problems.

EN

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