Thread by @ThePsychofLifes

How To Start A Business

//THREAD\\

What is a business?

Business is a means for exchanging money with value.

You provide value, you get money.

Scale it bigger, the bigger your business gets.

What is value?

Value is anything that you can do better than the other person.

You can sing better? Build a music business.

You can cook better? Build a hotel business.

You can write better? Build a writing business.

Anything that you can do better & the public needs it, you can build a business out of it.

Now there are two types of business:

- Sexy Business
- Unsexy Business

Sexy business

These are those businesses that are very popularised.

For eg. social media business, hotel business, cafe business, etc.

The competition is high in these & it’s very difficult to survive unless you are different than others & keep on evolving.

Unsexy Business:

These are those businesses which are not popularised but highly demanded.

For eg. plumber business, carpenter, cleaning business, etc.

The competition depends on your area & the demand is always there.

You’ll always need a plumber, carpenter, etc.

Doing business is not easy.

You need to invest money, time & efforts.

The better seed you reap, the better plant you sow.

Simple.

If you have zero experience, here’s how you can start:

1. Learn a skill/ Find a in-demand product or service.
2. Build a personal brand
3. Create a website
4. Create network
5. Use SEO on website
6. Customers approach you
7. Scale it

Some Easy-To-Do Business Models:

1. Personal Brand
2. Agency
3. SaaS
4. Trading
5. Manufacturing

If you want to build a personal brand on Twitter, DM me.

If you have any good business ideas, comment below & I might contact you if it sounds good enough.

Ciao!