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November 27, 2021 61 min

Today’s episode of Learning Legal, co-hosted by Andrew Easler and Ethan Hunt with special guest, James White, addresses pressing questions and strategies related to starting a business. Our special guest, James White, is an international business consultant with extensive experience and knowledge in starting, operating, and exiting businesses.

Topics covered include:

  • The first steps in starting a business,
  • Avoiding pitfalls in selecting and starting a new business venture,
  • How to balance “analysis paralysis” with thoughtful planning and strategy,
  • Managing expectations as a new business owner/ entrepreneur,
  • What kind of small businesses are in-demand today,
  • Creating demand for your product or service,
  • How the gig economy can help new entrepreneurs,
  • The evolution of service-based businesses,
  • Filling the skills gap with trade businesses,
  • How much money a business can make,
  • The interplay between motivation, knowledge, and market demand in businesses,
  • Addressing misconceptions about profits of small businesses,
  • Understanding the local market and the failure of Target’s expansion to Canada,
  • Startup budget allocation and startup costs through the Valley of Death,
  • The business plan as a blueprint,
  • Is raising capital the number one challenge for small businesses,
  • The importance of control over critical aspects of the business and outcomes,
  • Cancel culture and business success,
  • Impact of the local and global supply chain on your business,
  • Ways to finance your business and access capital,
  • Methods of money raising and investments,
  • Crowdfunding,
  • Starting a business for the next generation of entrepreneurs,
  • Where to find resources for entrepreneurs,
  • The impact of barriers to entry on the probability of success in a business,
  • Legal implications of starting a business,
  • Hiring experts to help,
  • Franchising versus starting from scratch,
  • Selecting a name for your business,
  • Factors to consider when selecting a business location,
  • Concerns for home-based businesses,
  • Questions to ask to determine whether starting a business is appropriate for you,
  • And more!
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