How to Start a Company

[rejoice]

I just came across this short list of how to start a company and thought you'd be interested...

Step 1
Come up with a great idea.

Step 2
Test your idea with members of your target audience. If it flies, continue to develop it. If not, come up with a better idea.

Step 3
Write a business plan.

Step 4
Raise money from your savings, friends and family, the bank, or the Small Business Administration (SBA) to launch the business.

Step 5
Recruit a great team of people.

Step 6
Work, work, work to get ready for launch.

Step 7
Market your product or service to your target audience.

Step 8
Monitor your company's profitability, market share and other business indicators.

Step 9
Build your business steadily by staying in touch with what your customers need, monitoring competitive activity and adjusting your plans and actions accordingly.

[speedguy]

Between step 3 and 4: It may seem like a good idea to do a sample/pilot project to see the viability for the business. In a lot of cases you do not need such a thing but sometimes you will need to show something more than a plan to get money from people. This is especially true for projects that are about a new technology/concept because investors need to see that its practically possible.