START A MILLION DOLLAR BUSINESS

When I was in medical school in 2013, my friends & I established a business called 6med. It started out as a preparatory course for the B-MAT, a medical school admissions exam. We’d all taken classes that weren’t great but weren’t too costly, and we figured we could do the better job for less money while still providing scholarships to deserving students.

It began out as a modest, local effort, but I proposed that we establish a website and attempt to advertise it nationwide, which we did. A few months later, we’d taught over 120 students in five sold-out sessions, and the following year we added a UKCAT course and started aiding with medical school interviews. Once we had a working question bank for the BMAT and the UKCAT, we began teaching in other countries such as Hong Kong, the Philippines, Singapore, and the Netherlands.

As a result of my own experience and the guidance I’ve received, I’ve gained some valuable ideas that I’d want to discuss with you all in this post:

1. Don’t Wait For Permission

There are many times in our lives when we wait for someone to give us the go-ahead or a certificate to start anything new. Waiting isn’t going to do anything, however. The greatest way to learn something is to get started doing it as soon as possible. This is true in almost every business field. Having a decent service is all you need to qualify for a job.

2. Stand on the Shoulders of Giants

It’s not new for people to start their own businesses or for people to start businesses. We’ve seen an abundance of books, podcasts, blogs, articles, interviews, and a wealth of other materials with individuals who have established their own businesses or begun their own development initiatives in the previous several decades. People that know what they’re doing have shared their knowledge and provided us with valuable resources in the process.

In addition to Tim Ferris’s book, “The 4-Hour Work Week,” and websites like IndieHackers, which has interviews with successful online entrepreneurs, as well as Paul Graham’s website, which offers advice on how to get started, and Seth Godin’s podcast, “StartUp School,” Because of all the resources available, we would be silly not to utilize them.

3. Learn to Code

It may seem like a cliché today, but learning the fundamentals of coding is really beneficial. For the following two reasons, I’ve found it useful:

Knowing how to code opens up a world of possibilities for new business ventures; it gives you insight into the limits of what is possible.

If you have a business concept, you don’t need to hire a programmer to convert it become a reality. We would not have gone online with my own business if I didn’t know how to code. The ability to develop a website helped it to grow from a local to a national and ultimately a worldwide enterprise.

4. Learn the basics of design.

This may seem like a simple notion, but studying the fundamentals of design & familiarising yourself with good web design is a great asset. I believe our business success may be attributed in part to the fact that our website has the appearance of legitimacy and authority. It is possible to increase manufacturing value by developing an eye for design, which has a wide range of applications in both personal and professional life. Take a look at the Muz.li browser plugin for Google Chrome, which I’ve found extremely useful in this area.

5. Do it with Friends!

There’s a well-known saying in the startup community:

As the saying goes, “Move alone if you want to go quickly. Go with others if you need to go far.”

It’s a lot more fun to work on projects with others than it is to tackle it alone, and I can vouch for this. It’s a lot more fun to manage a business with friends since you can pool your resources to solve problems and get several viewpoints on what would work best, all of which contribute to the final product’s quality.

6. Start Small

You may easily get ahead of yourself in the concept stage of a business, overburdening features and failing to get anything off the ground. You should focus on the fundamentals and your MVP (Minimum Viable Product)– which is the lowest version of the product that you can get into the hands of customers. If you start with a simple product, you may iterate it over time and enhance it incrementally with customer input. When I originally started my YouTube channel, I had the same mindset: I knew the first 50 to 100 videos would be bad, but I utilized everything I learned from creating them to enhance my channel over time.

7. Expect, & Learn From, Failure

The odds of your start-up becoming a success are quite slim. It’s a harsh reality. Failures, on the other hand, may teach you important lessons and help you do better at your next job. A BMAT crash course led me to the creation of 6med after I had five unsuccessful business ideas in high school, which helped me learn from my mistakes and grow as a person. Your future success will depend on how you handle failure instead of how you deal with the rejection of your product.

8. Just Start

Entrepreneurship is all about getting started, and if you’ve made it this far in the article you’re undoubtedly interested in doing so. We may become bogged down in the dread of being judged or in waiting for permission, as with the 1st piece of advice. Nothing good comes from waiting. If you want to learn about starting a business, utilize the resources I’ve provided and do some reading, but don’t mistake it for creating your own thing. check out more articles like this by clicking on the link below

https://onlinegravy.com/a-million-dollar-business-advice-for-budding-entrepreneurs/