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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 698: Sleep in Bed

School for Startups Minutes ·

2025/05/03

Please understand. I've been doing this for more than 30 years with multiple wives, you will sleep in your bed more frequently. If you have a business plan to show or even if she doesn't ask for it.

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01:31

SFS Minute 697: Cash Flow Study

School for Startups Minutes ·

2025/05/03

One part of a good business plan is the cash flow analysis, it guesses at sales expenses, number of customers, all of those things and if even one of them is off the projection can go wildly crazy. It's so important that you have a good cash flow analysis, it's the lifeblood of your business. Nothing is more important.

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01:31

SFS Minute 696: Helps See Flaws

School for Startups Minutes ·

2025/05/03

Writing a business plan will help you think of things you hadn't thought of otherwise it will help you see the flaws in your business plan. It will show you your weaknesses. It will show you that you really don't understand marketing. It's something for you to show around and get other people's opinions on, it's gonna make your business a lot better.

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01:31

SFS Minute 695: Proven Faster

School for Startups Minutes ·

2025/05/03

Many, many academics have studied and proven that businesses with business plans, grow some 30 percent faster. Am I personal experience validates that too? When I have written a business plan, I'm better organized. I think of more things, and I just do better.

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01:31

SFS Minute 694: If You Ever …

School for Startups Minutes ·

2025/05/03

So far this year every week, I have focused on a different aspect of starting a new business. We are slowly working our way through the entire process, looking at every single thing, you need to do to get your business up and running. This week, I will talk about why writing a business plan is a great idea, even if you don't plan on raising any money, I'll give you my first reason right after this. Let's say the business does very well and you change your mind and decide I might like to go public or

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01:31

SFS Minute 693: 5K Rule

School for Startups Minutes ·

2025/04/27

Start selling now, there is no excuse for waiting. Go into the marketplace as soon as you can and find out what the marketplace thinks of your product sell now.

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01:31

SFS Minute 692: MVP

School for Startups Minutes ·

2025/04/27

You must build as soon as possible and MVP a minimally viable product. One of eight features is available. If it's a service product that you're offering, you have a really fancy brochure, you need to do something to get started as fast as possible. Whatever it is so that you can get into the marketplace and get feedback from the customers and absolute must.

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01:31

SFS Minute 691: Pre-Sales Waitlist Coming Soon

School for Startups Minutes ·

2025/04/27

Assume your new idea is to have a new energy drink, you need to start talking about it online months, in advance, you need to build your website months in advance. You need to have as much energy as possible. No pun intended, and build the awareness in the marketplace. Everyone needs to be talking about it before you launch.

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01:31

SFS Minute 690: Run Tests

School for Startups Minutes ·

2025/04/27

Go on Upwork, one of the gig economy sites in hire someone to run some a Beta testing for you. That's when you set up a fake landing page and you drive traffic to it, and give people a choice, A or B and let the market vote, it's very similar to creating a survey and Gathering feedback which you might want to do as well, but do as much online validation of your ideas as you possibly can.

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01:31

SFS Minute 689: Talk to Potential

School for Startups Minutes ·

2025/04/27

Every week this year, we have been talking about a different small business topic. How to start your business? How to get an idea how to raise the money this week? Another one, we'll be talking all week about how to validate your business idea and make sure that it's a good one before you spend all that money on it I am in favor of writing a business plan, even if you don't plan on raising any money, even if it's just two or three pages because you can show it to potential customers friends,

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01:31

SFS Minute 688: Passion for Trying

School for Startups Minutes ·

2025/04/22

What happens if you never try? I if I try and fail at least I have the passion to know that I tried and failed, at least, I can say, I tried, if you don't even try, you'll never know if you're passion was intended to be a dream or the beginning of something really cool.

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01:31

SFS Minute 687: Furniture Making

School for Startups Minutes ·

2025/04/22

Lots of people do things that they are good at so that they have more time and money to do things that they are passionate about. For example, if you work really hard as a school teacher, nine months a year that allows you to do what you're passionate about three months a year and to you, that's a great deal passion. Doesn't necessarily come from doing the main job of your life, passion. It may come from the extra benefits that are on the side and that's what you have to rejoice. I love furniture

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01:31

SFS Minute 686: 30k

School for Startups Minutes ·

2025/04/22

I think many people assume that when you follow your passion, you will succeed and become very wealthy. No, you may succeed and become very happy but money is a different thing. There's a lot of artists that would love to make 30 thousand dollars a year selling their passion art, but that just doesn't happen for everyone. You can't assume that passion will lead to money.

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01:31

SFS Minute 685: Passion Comes Later

School for Startups Minutes ·

2025/04/22

The business grew to 89 locations. And we soon started getting letters from parents, whose children were smiling for the first time in years. That's when my passion exploded. Maybe your passion doesn't come until two or three years in.

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01:31

SFS Minute 684: Better than the Man

School for Startups Minutes ·

2025/04/22

I don't want to work for the man, I want to work for myself and myself only and I'm passionate about that. Think about that until tomorrow.

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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.

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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.

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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.

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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.

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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

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510 results

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