Entrepreneurship Class Was Useless
Summary
- I remember taking an entrepreneurship class at Vanderbilt, but nothing from that class is useful for what I do today.
- Traditional business concepts like business models and business plans didn't play a role in starting my businesses.
- My approach was simple: I thought about what people might buy, how much it would cost to make, the price people would pay, and how to get them to give us money.
- The key is to focus on practical steps rather than theoretical plans.
Video
How To Take Action
I would suggest implementing practical steps to grow your small business or personal ventures. Skip the overthinking. Focus on simple actions.
A good way of doing this is by starting with what people want. Find out what your audience needs. You don’t need a fancy business plan for this. Just talk to people, research online, or look at what’s already selling well.
Then, think about how much it will cost to create your product or service. Keep it low-cost at first. Use what you already have or can easily get. Don’t sink a lot of money into something before you test it.
Next, price it right. Your price should cover your costs and make a profit, but also be something people are willing to pay. This might take some tweaking, but start with a reasonable guess and adjust based on feedback.
To get people to buy, use simple, doable marketing. Tell your friends and family, use social media, and join local groups or online communities where your audience hangs out. You don’t need big ad spends; just be where they are.
Always think about the next step. Ask yourself daily, “What is one small, actionable thing I can do today to move forward?” This keeps you focused on progress rather than getting stuck in planning.
Remember, the key is to act. Theoretical plans are not your friend. Practical, small steps lead to real results. It’s all about getting out there and doing, learning from what happens, and adjusting as you go.
Full Transcript
I remember taking a class called entrepreneurship uh when I was at vanderbelt none of the things that I had in that class at all had anything to do with what I do today or what I needed when I actually started a first business the idea of a business model A business plan and all of these fancier things basically none of those have happened with every business I've started for the most part it was I think people would buy this what do we think we can make it for how much will they buy it for and then how do we get people to give us money
