- Five ways to create your own startup accelerator.
Today I'm really excited to be
sharing with you guys five ideas.
You know if you think about it, fifteen hundred,
maybe you didn't know this, fifteen hundred
startup accelerators in the world and only
three to five percent of applicants actually get in.
That's kind of crazy because if you think about it,
that's a whole lot of other startups that don't get
access to that kind of information, advice, and counsel
and that's the wrong that I want to right today.
Now I get it, it's a process and not everybody can get in,
but I believe that everybody can create their own
version of a startup accelerator and that's what
I'm going to share with you guys today in this video.
The first thing that you can do is
start reading more books about startups
or even better, core a blog post.
I mean think about this, on core you have
other entrepreneurs, other investors that
get the questions that investors might ask them
or other startups asking.
Answer those questions so you can start to learn
the language, the lexicon of the startup world.
Read books.
There's a bunch of founders that have written these
amazing startup books, I'm gonna link some of them
below in the comments.
Anybody has access to this so don't wait.
If you get rejected by applying to a startup accelerator
or you feel that you need to be in one to be successful,
please don't let that stop you, that is not the case.
So number one, read great books.
The second one is bring people around you to ensure
that you're really building that support group and
I call that "founder's lunches".
One of my strategies that I've been doing over a decade
is bringing like-minded entrepreneurs
together to break bread.
That could be lunch or dinner.
I mean, if you think about it most accellerators
what they do is, they essentially have office hours
where they coach with you and they talk to you but
once a week bring in a pretty notable
entrepreneur in and share their story.
I mean I've been a mentor for easily a dozen different
startup accelerators so I understand their programs,
but the same advice that you can get by being in there
once a week, going in, learning from the
other entrepreneurs, or hearing their stories,
you can get every week using
this strategy, founder's lunches.
Bring people together, share their stories, have you
share your stories so far of getting going,
and it will build that base foundation
to create your own accelerator.
So that's number two.
Number three is you really want to create
your own pitch deck because to me
it's not about a business plan.
People talk about a business plan, I call it a guess plan.
Having your own pitch deck and creating those
ten magical slides of information about your
competition, your market, your strategy, your team,
your unfair advantage, all these different aspects
will get you crystal clear on what you're building.
That's what you would learn if you were in
a startup accellerator, that's what they teach you.
They sit down with you and they say,
"Okay, you need to understand your competitive set.
You need to understand how to
build a world-class team."
But you can do this for yourself and having that
force in function of creating a pitch deck for your startup
is gonna be a great way to get the same value
that you would if you were inside a startup accelerator.
Now the fourth thing I want to share with you guys
is really to watch a bunch of videos.
You know, these videos, my videos,
I talk to entrepreneurs and tech founders all the time
so you can watch my videos.
There's so many other events that record their videos,
go and search an event and watch
all the presenters at those events.
You can even watch Pitch Practice, you can watch
Startup 101, Startup School,
there is an unlimited amount of videos.
You could start to day and you'd never get done
because there's still new ones being created all the time
but make it a daily practice.
This is what I want to challenge you guys to do is:
maybe at lunch time when you sit down to eat,
you also say, "I'm gonna watch an hour of startup videos."
Again, it's to be immersed in it to understand
what are some of the best practices, what does a
great pitch look like, and just model those behaviors
and the attitude, beliefs, and confidence
that some of these founders have.
I want you to get inspired by watching those videos.
So that's number four.
Five, the last one I want to share with you guys,
is really to choose a date, pick a date.
Just like every startup accelerator it's a
ninety day program, in ninety days
I want you to pick a date.
That's either to launch with full force
or to raise your round of funding.
If that's truly the path you want to take,
then pick a date today, set it on your mirror,
share it with your team, share it with your family,
let everybody know,
"This is my vision, this is my goal, this is what I
want to do with my life."
That is how you create your own
version of a startup accelerator.
Real quick I'm going to recap.
So number one, you want to make sure that
you read all the books.
There's books, core blog posts, etcetera.
Organize founder's lunches, that's number two.
Bring like-minded entrepreneurs together.
Three, make sure that you create your pitch deck.
Think about the slides and information that you
want on there that just helps you align and get
clear on your strategy.
Four, you want to watch the videos.
This video, many other videos out there, just
search startups, events, startup school.
There's so much great content for you to consume
and just add it to your calendar, if you schedule it
you will get it done.
Five, make sure you pick a date in the future
where you're either gonna launch or start raising
your round of funding, again just like an accelerator.
That's what I want to share with you guys
because I truly don't believe that getting in
or not getting in to an accelerator is
going to dictate your success.
No matter where you live in the world, you decide your fate.
I hope those ideas worked for you, I want to ask you
please to like the video, share it with somebody else
that you think needs to hear this message,
and leave me a comment, let me know out of the
five strategies I shared, which one are you
committed to doing this week.
Start on it this week, leave me a comment below
with your answer, I want to challenge you
to live a bigger life and a bigger business.
I'll see you next Monday.