you want to start-up a new company? The following list will help
you determine if you want to really start your new business, and
the numerous steps you will have to take.
Assess your appetite for risk, stress and hard work.
Are you ready to be an entrepreneur?
Assess your strengths and weakness. Do you know the areas in which
you need help?
Establish your personal and business goals. What are your required
Identify your financial resources. Are you able to live through
Get in shape physically and emotionally. Can you handle the challenge?
Discuss with your family and friends. Will you have a support
Find ways to release stress and pace yourself for a marathon.
Perform extensive research on your marketplace and competition.
Identify the target customers in your market.
Make your financial analysis. Be tough on yourself.
Create a preliminary business plan.
Create a marketing presentation.
contacting an accelerator or incubator to get your business concept
to market quickly
Choose a legal name. Verify that it can be used.
Choose – and purchase quickly – your website name.
Create a mission statement.
Select a graphic designer to create the logo.
Create a tagline for your business.
Get office location and furniture.
Get telephones, web access, network, printers and fax machine.
Get business cards and stationery printed.
a New Company
Select a Lawyer. Make sure that they understand your industry.
Choose a legal structure and entity. Delaware Corporations are
the best path to IPO.
Incorporate the business through a lawyer.
Protect your intellectual property (patents, copyrights and trademarks)
Register your name
Prepare a confidential disclosure agreement (CDA)
Select an accountant or financial firm
Obtain an Employer Identification Number (EID) if you will hire
Obtain a license or permit (if needed, for example, for restaurants)
Select a bank and open an account. Get checks as soon as possible.
Get credit card approval (usually at the bank).
Select an insurance agent.
Obtain employment offer letters and contracts.
Choose your partners and key employees.
Choose your web site developer
Choose your information technology platform and supplier.
Choose your advertising agency
Choose your public relations
Choose a executive recruiter
Choose your suppliers and negotiate contracts.
Select strategic alliances
Select a health plan and benefits for your employees.
Prepare your new business plan. See the following sections.
Determine your funding requirements and schedule.
Fund as much as possible with your own money.
Approach friends and family for contributions.
Determine alternate sources for seed capital ( angels, incubators,
banks, suppliers, venture capital firms).
Submit your plan to eFiltro!
Determine all your key milestones.
Establish your prices, terms and conditions.
Establish a marketing plan. Advertise prudently.
Establish a sales plan by customer.
Monitor your performance versus your business plan.