Starting up?

This is the cheap list you can get anywhere. Having failed learnt what not to do a few times now, I have a compilation of thoughts here

PART ONE: PREPARE TO LAUNCH

  1. Translate Your Idea into a Compelling Business Model
  2. Craft a Business Plan to Serve as Your “Plan A” Roadmap
  3. Find and Know Your Competitors
  4. Draft your Founding Dream Team
  5. Allocate the Equity in Your Startup
  6. Build a Minimum Viable Product and Validate Your Plan with Customers
  7. Establish Your Brand with Online Public Profiles
  8. Network Effectively within the Entrepreneurial Ecosystem

PART TWO: LAUNCH AND BUILD YOUR COMPANY

  1. Incorporate as a Delaware “C” Corporation for Protection and Investment
  2. “Lawyer Up” the Right Way
  3. Recruit your Boards of Directors and Advisors
  4. Select an Accountant and an Accounting System
  5. Establish and Manage your Credit Profile
  6. Open Bank, Credit Card and Merchant Accounts
  7. Choose Your Key Technologies, Platforms and Vendors
  8. Measure Your Business with Data Analytics
  9. Round Out Your Team with Employees and Freelancers
  10. Establish a Stock Option Plan to Incentivize Your Team

PART THREE: RAISE FUNDS; COLLABORATE WITH INVESTORS; PLAN FOR YOUR EXIT

  1. Understand the Funding Process and What Investors Want to See
  2. Nurture Your Investor Pipeline
  3. Fundraise with Online Platforms
  4. Survive the Term Sheet Negotiation and Investor Due Diligence
  5. Get the Most from Your Investors, Now and in the Future
  6. Understand Your Company’s Valuation for Funding vs. Option Grants
  7. Keep Your Eye on the Exit and Reap the Benefits of Success

Leave a Reply

Your email address will not be published. Required fields are marked *