How to Launch Your Dream Business: 7 Expert Tips for Success

How to Launch Your Dream Business: 7 Expert Tips for Success

If you'reย here reading this, you're probably feeling that entrepreneurial itch, that burning desire to launch your own business and make a mark this year. Well, you're in the right place because today's episode is all about that. We chat through your ultimate guide to launching in 2024, the exact things I would like to learn right now if I was launching a brand this year. We also walk through through the ultimate rest framework which might explain why you're not feeling 100% refreshed after the holidays.

So, hereโ€™s is the advice Iโ€™d give myself if I was launching a brand this year in 2024:

  1. Solve a real problem that people will pay money for ๐Ÿ’ธ you wonโ€™t believe how often this step is missed - ideas need to be validated and the only way you can do that is by talking to real potential customers

  2. Have a real point of difference ๐Ÿฆ„ review competitors and big players in the space by reading through their one star reviews - gather ALL the bad stuff and figure out how you can create a product that solves those problems and stand out from the restย ย 

  3. Aim for mass market consumer goods ๐Ÿ›๏ธ if you want a nationwide or global brand aim for mass market items over high ticket products that have a longer purchase decision required - think about products that just make sense to buy: food, beauty, hygiene, household items

  4. Incorporate a price point and profit margin thatโ€™ll work on other channels ๐Ÿ’ฐ really think about the pricing model of platforms like Amazon and paid ads and incorporate this into your financial model

  5. Build a brand that is social first โœจI canโ€™t say this enough - it needs to have X factor on TikTok ๐Ÿคณand people need to want to show it off - have all the qualities of viral products that are a no-brainer to buy

  6. Create with repeatable buys & subscriptions in mind ๐Ÿ” it costs 5X more to acquire a customer than to retain a customer you already have - once you have someone on board treat them like gold (or $$$)

  7. Build a brand that doesnโ€™t require raising capital to get started ๐Ÿค‘ you want to hold off raising as long as you can so you have proof points, learn to be scrappy, and leverage your growth for better termsย 

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