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!