Episode A1.011 Your Next Steps

IBGR - RESULTS Radio Network. Everything a business owner needs to start, grow or exit a business. COME GROW WITH US.

Introduction
We are now in 122 countries world-wide and part of our listener base, all within our first 2 seasons or 5 months of broadcasting. Entrepreneurs and owners in 62% of the global business community are tuning in daily - thank you.​

There are two more weeks of shows left - 011 and 012 before Season 3 starts and everyone is excited about our hard launch on October 5th starting in the Kilo Market (Australia, New Zealand, Singapore, Philippines, Taiwan, Hong Kong, and surrounding areas). 
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There are several ways you can interact with the station and our OnAir Hosts:

• Pulsating ? on every page. It is a direct link to the Host and they will respond to your question during the show;
• Hit us up on social media - Facebook, Instagram, LinkedIn, and Twitter. Our handle is ibgrnetwork;
• JOIN our Community of Commerce and become an insider with direct access to our Hosts and support materials discussed on the show. ​

​JOIN our Community and Let’s Grow Together!
Have a great business week.
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Show Objective
A new survey of 428 entrepreneurs by JustBusiness found that more than 1 in 5 entrepreneurs are starting businesses that were not planned before the pandemic. Surprisingly, treacherous industries and in-person business models are not deterring entrepreneurs:

• Nearly 40% are launching into industries facing tough times, including accommodation, food services, retail, and arts/entertainment/recreation
• Nearly 70% will have an in-person component to their businesses, despite huge consumer shifts to virtual products and services

For entrepreneurs who had projects in the works last year, the pandemic has put on the brakes: Nearly three-quarters have delayed their launch dates due to the outbreak, and most have been forced to alter plans. Some watched investor funding disintegrate as states closed their sectors, while others repurposed their startup funds for household necessities.

That said, the entrepreneurial spirit is still alive and well. A third said that they’re motivated by a new opportunity related to changes in the market from COVID-19, and a quarter have started their businesses since being laid off.

Recessions have long been known to be a good time to found a future corporate empire.
 
Key Concerns:

1. Don’t Make This a Hobby
2. Act Like A Big Company even When You Have No Employees
3. Start Generating Revenue

What You Need to Know
*  We’re not talking about what it takes to make a successful business, or what you need to become an entrepreneur. What you need to know has been laid out for your step by step in our previous shows. 

• EPISODE A1.002 WRITING A BUSINESS PLAN
• EPISODE A1.003 BUSINESS FINANCIAL TERMS
• EPISODE A1.004 REGISTERING WITH COUNTRY, FEDERAL AND LOCAL TAX ORGANIZATIONS
• EPISODE A1.005 LICENSES & PERMITS
• EPISODE A1.006 BUSINESS INSURANCE
• EPISODE A1.007 TAX & MONEY MANAGEMENT SYSTEMS
• EPISODE A1.008 RECORDING KEEPING BASICS (MONTHLY, QUARTERLY, ANNUAL SCHEDULE)
• EPISODE A1.009 BUSINESS DEDUCTIONS
• EPISODE A1.010 READING THE METRICS

What You Need to Do:

1. A 30-day roadmap to starting a business
2. Start with a Lean Plan but apply Agile practices
3. Set Milestones and goals
4. Don’t Make This a Hobby
5. Act Like A Big Company even When You Have No Employees
6. Start Generating Revenue
7. Listen, learn and apply at ibgr.network and join the Community of Commerce for support

Resources:

• https://www.fastcompany.com/90551170/is-it-smart-to-start-a-business-in-2020-covid-is-inspiring-people-to-do-just-that

Previous Show:Episode A1.010 Reading the Metrics
Next Show:Episode A1.012 Summary of Season 2


Written by Donna Kunde

* I am not a CPA and the recommendations given in this show do not constitute legal or financial advice. Seek professional advice for all legal and financial matters. 

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