How to Start a Business: Step-by-Step from Idea to Launch (Pt. 1)

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From UpFlip.

Are you an aspiring entrepreneur—but not sure of how to start a business? To help jumpstart your venture, we spoke to an award-winning business owner who grew his business into a multimillion-dollar empire.

Paul Akers is the man behind FastCap, a woodworking and construction supply company that launches over 30 products a year and distributes to over 40 countries worldwide.

He started in 1997 out of his garage and built his business by working trade shows and networking with leaders in his industry. If you ever wanted to know about how to start a business and build it from the ground up, you want to listen to Paul’s advice.

Entrepreneurs and media outlets around the world have praised his revolutionary productivity techniques and innovative business ideas. To give back, he leads training sessions and speaks to teams at top companies like Amazon and Mercedes-Benz.

In this two-part interview with Alex, Paul will guide you on how to start your own business. He’ll provide you with the key steps like validating an idea and conducting market research.

Starting your own business isn’t easy. In this interview, Paul explains the reasons only a small percentage of entrepreneurs succeed and 70% of businesses fail.

He’ll also share his insights on how to write an effective business plan and what needs to go in it—so you can be in that small percentage of successful entrepreneurs!

Soak in Paul’s business wisdom and learn how to start a company that rakes in revenue. Be sure to visit Paul’s site, https://paulakers.net, to learn more about how to start a small business that’s productive and profitable.

You can also learn more about FastCap here: https://www.fastcap.com.

Link to Part 2 ► https://www.youtube.com/watch?v=kxffKvc9Xw0

Additional interviews we’ve done with Paul Akers:

Business Ideas ► https://www.youtube.com/watch?v=CdxKZWfD4fA

Lean Manufacturing ►https://www.youtube.com/watch?v=oarLDeAFSj4

Be sure to check out our blog for additional information, tips and advice on how to start a business: https://www.upflip.com/blog

#howtostartabusiness #howtostartasmallbusiness #startingabusiness

Timecodes:
0:00 Intro:
1:44 Meeting Paul
4:46 Building the actual product
6:26 Showing Pauls Products
7:52 Market research
9:24 Capital and truth
11:12 Funding
13:29 Trade show
14:44 Working with securing loans
16:22 To-do list before launching the product
17:08 Outro

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