📣 New Podcast! “Building Your Dream Business: The First 5 Steps to Success”

Hi, welcome to Give Me five. Thank you so much for joining me. My name is Eric Thompson out here in Oklahoma. I thought, after talking to my friend Jeremy Hansen, who has a booming podcast, that I’m going to share with you for a few minutes on how to take a business idea and make it come to pass.

So from I’m thinking about it to actually setting it up. This will be for small businesses only, which is what I have dealt with over my years. So thank you again for listening to here. Please show this podcast with your friends and family and check out our website at give me five dot News.

Gimme five dot News, as we’re about to really take it a lot bigger this year in twenty twenty five. Okay, So, I don’t know if you want to write this stuff down if you’re going to remember it. It’s not real complicated, but it has worked. I’m a Marine Corps veteran, and back even in the Marine Corps, I wanted to make extra money because we didn’t make a lot of money as marines back in the late eighties and nineties, and so I started I had the idea of, look, you know, all these people are moving out of the military bases and they don’t want to clean them, so to pass inspection they would hire cleaners.

And so I thought, well, idea, Well that sounds like something I could probably do. Looked at the competition. There’s three or four people in the have their business cards in the move out office. Looked at them, thought well, why don’t I get cards made? Now? My idea was I could supplement and I didn’t want to take a lot of risk financially.

So the idea was I could do it, and this is how many days I could clean, and maybe I could hire some marines. So the first thing when you get an idea, you want to look at the market. You want to look at who’s doing it. The idea I want to be a mobile mechanic.

I want to do this, okay, so you want to look at the if the idea, you don’t necessarily need to bounce off of people at first. You want to look and say, see is this a viable does the market need me? Are there people in the marketplace that aren’t doing a good job? So idea, look at the marketplace, then determine to put down A business plan doesn’t have to be real complicated. So I thought, well, I’ll get some business cards made. My costs twenty bucks and get some cleaning supplies.

If somebody calls, and then go out and if they call, do a bid. So make sure you know how much capital you’re going to need and how much you’re willing to risk, and are you going to go all in. If it’s the first time and you’re just kind of you still want to step out in faith, so you want to want an idea, look at the competition, figure out the cost, figure out the business plan. Definitely know your pricing, what you would what you’re going to charge.

If you don’t know. When I went out to do the first quote, I underbid it. I’m sure, but then when they if they if people say yes too fast in your initial presentations, you’re probably too cheap. Then do a great job.

If you get some work, even if you put an extra time and you’re like, I didn’t really make any money on that one, well, you probably underbid. But make sure that it’s great so you can ask for referrals and then just keep open, keep your mind open to the marketplace. If you’re going to expand, expand wisely. Over ninety five percent of businesses don’t make it so you want to count the cost, realize it’s risky, but these are some ideas on taking you from an idea to making money in your own business.

So I do thank you for listening. Please check out our website give me five dot news. If you’d like to save money on your cell phone bills average hew me one thousand dollars a year, head over to get puretalk dot com. Get puretalk dot com and you’re going to save fifty percent off your first month, saving fifty percent already put in the promo code of FLS.

That’s get puretalk dot com promo code FLS. Good luck with your new business. Take care dot com.