$2^n \geq n + 1$, for all $n \geq 1$
So I know that first I should use 1, which I did to make sure step 1 holds. $$2 ^ 1 \geq 1 + 1\\2 \geq 2\\ \mathsf{TRUE}$$
After I figure this out, I know I am then supposed to assume it true for $k$, so I get $2 ^ k \geq k + 1$, but its the whole $k+1$ step that completely looses me. Where would I do from here? I am assuming that I have to get $2 ^ k \geq k + 1$ to equal $2 ^{k+1} \geq k+1 + 1$, but am not sure how to get there.
You want to show that $2^{k+1}\geq(k+1)+1$ using the induction hypothesis. This hypothesis concerns $2^k$, so you will want to make this term appear from $2^{k+1}$. Just remark that $2^{k+1}=2\cdot2^{k}$. Hence, using the induction hypothesis, you can infer $$ 2^{k+1}=2\cdot2^{k}\geq2\cdot(k+1)=2k+2\geq k+2=(k+1)+1 $$ which is what you wanted.