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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