Complete 35-Step Guide for Starting a Business

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djbaxter

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This is a long read but worth the effort. Bookmark it for future reference. Each of the 35 topics has several subtopics.

Complete 35-Step Guide for Entrepreneurs Starting a Business
By Richard Harroch, AllBusiness.com
June 10, 2018
An overview of 35 key steps for entrepreneurs who are starting a business, with links to additional articles addressing some of the topics in more depth.
  1. Understand the Commitment and Challenges Involved in Starting a Business
  2. Protect Your Personal Assets by Forming the Business as a Corporation or LLC
  3. Come Up With a Great Name for Your Business
  4. Focus on Building a Great Product - But Don’t Take Forever to Launch
  5. Build a Great Website for Your Company
  6. Perfect Your Elevator Pitch
  7. Make the Deal Clear With Co-Founders
  8. Obtain a Tax ID
  9. Set Up a Good Accounting and Bookkeeping System
  10. Perform a Comprehensive Reference Check Before You Hire an Employee
  11. Use a Good Form of Employee Offer Letter or Employment Agreement
  12. Make Sure All Employees Sign a Confidentiality and Invention Assignment Agreement
  13. Consider the Steps You Should Take to Protect Your Intellectual Property
  14. Become a Strong Salesperson
  15. Understand Financial Statements and Budgets
  16. Market Your Business Like Crazy
  17. Use Consultants and Freelancers to Supplement Your Team
  18. Have a Great Investor Pitch Deck
  19. Drive Traffic to Your Website
  20. Make Sure Someone Hasn’t Already Invented Your Great New Idea
  21. Don’t Go Overboard on a Business Plan
  22. Secure Capital to Finance Your Business
  23. Determine Which Permits, Licenses, or Registrations You Will Need for Your Business
  24. Set Up Appropriate Books and Records for Your Business
  25. Properly Insure Your Startup
  26. Determine How to Divide Equity Among the Startup’s Co-Founders
  27. Understand These Key Points About Seeking Venture Capital Financing
  28. Pay Attention to Your Business Contracts
  29. If You Plan to Lease Office Space for Your Business, Focus on These Key Issues
  30. Thoroughly Research Your Competition
  31. If You Are Seek Angel Investing Financing, Know These Important Points
  32. Consider Adopting a Stock Option Plan to Attract and Motivate Employees
  33. Focus on Offering Exceptional Customer Service
  34. Hire an Experienced Startup Attorney
  35. Get Comfortable With Public Speaking
Read more...
 
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Starting a business is one of the most challenging tasks you'll ever do. There are no limits to become a great entrepreneur. To start a business, there is no need for a college degree or even business experience. However, what do you need is a strong plan. The first step is while starting a new business is evaluating yourself. The second step is to think of a business idea, and third is Understand the Commitment and Challenges Involved in Starting a Business
 
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