Friday, March 2, 2012

Start-Up Checklist


Come up with an idea

Chose a name for the business

Surround yourself with the best and brightest subject matter experts

Put together a business plan

Figure out the finances and the product/service pricing

Develop a relationship with a CPA

Develop a relationship with a banker

Develop a relationship with a corporate lawyer

Assess your risk and mitigate it

Raise money

Do not spend too much money

Determine office space needs

Put in place a financial management plan

Hire employees

Institute day-to-day managerial best practices

Obviously, every start-up faces unique challenges.  This is an oversimplified checklist, but should keep you on the straight and narrow.  Do not make things overly complicated and stay the course.  Raising money is not as easy as it was 3 or 4 years ago, but there are angel investors out there looking for sound start-up investments.


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