You’ve got an idea. Now what?

Look, we get it. Branching out to start your own business seems scary. Good thing that part is only in your head. You can DO this. We here at REV are rooting for you. Why? Because we believe small businesses are the fabric of a vibrant community. REV’s Business Growth team offers workshops, coaching and resources for passionate people to more easily start and grow their entrepreneurial dreams. One of those resources is a helpful, 20-step checklist to assist you with making your idea a reality. Check out a few of our tips:

  1. Identify your WHY

    Consider why you’re starting this business and how your customers will feel about your product. The keyword here is “feel.” People don’t buy what you do, they buy why you do it. Your personal why is an important piece of building a worthy product, a company and a brand.

  2. Solidify your company’s core values.

    What do you value and how will your company be a reflection of that? Think about how you’ll build trust with your customers. People buy from companies that share their values and beliefs. Write them down and let them guide you along the way. This will be your north star as you navigate the often treacherous path of entrepreneurs. When you find yourself at a fork in the road, reflect on your core values and then decide.

  3. Draft your message, starting with WHY.

    Your brand story should start with why. What do you believe and how does your product or service reflect that? What are you selling and how are you selling it? Practice your pitch until it feels super comfortable and then be prepared to test it during the early stages of your business to see what resonates with your customers.

  4. Determine your Minimum Viable Product.

    Your vision may be huge, but everyone has to start somewhere. Determine the simplest product requiring the least investment and create a plan for getting to your first sale to begin gaining customer feedback quickly.

  5. Start with the numbers.

    Draft a startup budget to clearly see what it will take to get your small business dream off the ground. Consider your startup expenses first and where you’ll find the resources to get started.

These are just a few tips that our team compiled to get you on track. Want the whole list? Click the button below for access to the rest:


Related News

  • The Big Pitch contestants: where are they now?

    Filed Under: Big Pitch, Front Page, Small Business, Uncategorized

    If you’ve been following REV for a while, you probably remember The Big Pitch Competitions we used to hold back in the day. The Big Pitch presented by PNC was essentially our own little version of Shark Tank. And a lot of your favorite local businesses that participated in this competition now have active retail storefronts that you can go check out. Let’s start with some of our finalists that are based in the City of Birmingham and see what they’ve been up to!

    Read More

  • Downtown Birmingham's latest development is proof that small buildings can have big impacts too!

    Filed Under: Developer, Downtown Birmingham, Filling Vacant Spaces, Front Page, Potential-Proving, Uncategorized

    Have you been to Downtown Birmingham’s newest development located on 25th Street? If not, you need to head down there ASAP and check it out! This new single story development is a product of a collaboration between David Baker Architects (DBA) and Locke General Contractors, led by DBA’s very own Amanda Loper. It is intended to be a “collaborative commercial space in a catalyst development area of Birmingham.” Both DBA and Locke General Contractors will be tenants of the space, along with June Coffee Roasters, Zephyr Barber, and Last Call Baking Cooperative!

    Read More

  • The music scene in downtown Birmingham is booming!

    Filed Under: Downtown Birmingham, Events, Front Page, Uncategorized

    One of Birmingham’s many hidden treasures is the music scene downtown. The sheer volume of concert venues we have in downtown Birmingham is something most people aren’t even aware of – but it really is remarkable! There is truly something for everyone, whether you’re into the smaller, more intimate venues or the large-scale venues for those big name artists. Keep reading to check out some of the cool venues downtown Birmingham has to offer.

    Read More