How to Start a Business | The Better Than Rich Show Ep. 31 [Video]

Thinking about starting a business? In this episode, Andrew and Mike break down some of the critical first steps to starting a business. They cover some pitfalls many entrepreneurs overlook as well as some important mindsets needed to have long-term success. Listen in and let us know which tip is most relevant to you!

Topics Covered:

02:38 – Why having a purpose or “Why” is so important for a new business

07:30 – The importance of finding your niche

11:04 – Getting your first customers

17:35 – Why you don’t have to spend a lot of money to start

23:33 – Getting to your break even point

## Resources Mentioned

Upcoming Masterclass – How to free up to 15 or more hours from your work week while also increasing the efficiency of your business.

[The Power of Purpose | The Better Than Rich Show Ep. 17](https://www.betterthanrich.com/the-better-than-rich-blog/ep17-thebetterthanrichshow-the-power-of-purpose)

[How to Use a Virtual Assistant | The Better Than Rich Show Ep. 24](https://www.betterthanrich.com/the-better-than-rich-blog/ep24-thebetterthanrichshow-how-to-use-a-virtual-assistant)

[Changing Someone’s Life | The Better Than Rich Show Ep. 11](https://www.betterthanrich.com/the-better-than-rich-blog/ep11-thebetterthanricshow-how-to-have-transformative-conversations)

[How to Become a Better Negotiator | The Better Than Rich Show Ep. 25](https://www.betterthanrich.com/the-better-than-rich-blog/ep24-thebetterthanrichshow-how-to-use-a-virtual-assistant-ed4f3)

[Customer Experience Design Principles | The Better Than Rich Show Ep. 10](https://www.betterthanrich.com/the-better-than-rich-blog/ep10-thebetterthanrichshow-how-to-design-an-incredible-user-experience)

[$100M Offers: How To Make Offers So Good People Feel Stupid Saying No](https://www.amazon.com/100M-Offers-People-Stupid-Saying/dp/1737475715)

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Are you ready to create the life of your dreams where you don’t just experience financial success but true fulfillment instead?
Well the truth is, who you spend time with is who you’ll become.
Now is the time to join over 300 ambitious entrepreneurs from all throughout the world in our exclusive mastermind program and community.
Learn more about this elite group of entrepreneurs and apply to join the movement at The Better Than Rich Show | Facebook 🎯🎯🎯

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International sales coach for top-performers at Google, Salesforce, SAP, Bloomberg, and Microsoft, Andrew Biggs help 6 and 7 figure earners achieve their highest potential. Andrew was a top-1% producer out of 40,000 sales reps, scaled a business from $6M to $30M, directly managed a team of 1500 people, and boasted 6 of the top 10 highest-grossing apps on the Apple App Store as clients all before the age of 30. Andrew’s work has been highly recognized in both local and national media, he is a Premium Medium contributor, and has even appeared on NBC. He is an industry leading expert in leadership and the psychology of performance and helps any sales leader looking to grow connect to the meaning and purpose necessary to achieve both top-performance and true fulfillment in their lives through his Better Than Rich system.

Mike Abramowitz is an accomplished author, speaker, and philanthropist. He has written 9 books, 2 of which has become #1 on Amazon, has been featured in both local and national media for his accomplishments and his efforts to feed the homeless through his PB&J for USA initiatives. In his role a District Executive Manager in Tampa, FL, Mike has coached and trained over 4000 young professionals to produce over $12M in product sales. Mike truly has a heart for serving others and for providing tools and skills that unlock the potential in each individual.

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Join us for our upcoming events where the entire crew comes together for a life changing, mind-blowing experience.
Discover Your Purpose – July 2022
July Event — Better Than Rich
Business Leadership Mastery – September 2022
September Event — Better Than Rich
Forest Through the Trees – November 2022
COMING SOON!!!!

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Timestamps:

00:28 Upcoming Masterclass

05:46 A business is just a lemonade stand

07:30 Importance of a niche

19:38 Your first customers

26:09 Structuring your life and schedule