Gut Check on Viability: Look, if it ain't profitable, it's just a hobby. Would you buy it? Do the math.
Craft a Kick-Ass Business Plan: Skip the fluff. Get down to brass tacks with financials. Keep it real and adaptable.
Money Moves, Lock Down Your Cash Flow: Underestimate your runway, and you're playing yourself. Line up your resources, whether it’s your savings, a side hustle, or your partner's support.
Family Buy-In, Your Unofficial Board of Directors: Get your family on board. You'll need that home court advantage.
Safety Nets: Insurance and Legal Stuff: Health, life insurance, family trust, and an updated will – cover your bases.
Business Name: Make It Memorable: It’s gotta stick. Google it, search state and federal records. Make it unique.
Domain Game: Lock It Down: Your domain is your digital street cred. No bargain-bin hosting.
Legal Structure: Set the Foundation" Skip the sole proprietorship (or not); it’s amateur hour. LLC or S-Corp? Do the tax math.
Get Your EIN: Your Business's Social Security: It's free, it's necessary.
Licenses: Keep It Legal-Your industry and location call the shots. Do your homework.
Website: Your Digital Front Door- Get it up, even if it's a "Coming Soon" page. No website, no credibility.
Social Media: Claim Your Turf-Lock down your brand on all platforms. Your future self will thank you
Jumpstart the Cash Flow-Perfection is the enemy of profit. Start selling, now.
Brick-and-Mortar: To Rent or Not-If you're retail, location is king. If not, who needs the overhead?
Networking 101: Business Cards-Cheap, effective, essential. Don’t be caught empty-handed.
Separate the Funds: Business Banking-Muddling personal and business funds? Rookie mistake.
Accounting: Keep It Clean- Messy books are a one-way ticket to disaster. Get an accountant
Co-Founder Clarity-Define roles like a contract. Misalignment kills startups
Upgrade Your Tech Game-A top-tier phone and apps are your office in your pocket. Be mobile.
Free Advice: Your Secret Weapon-SBA, SCORE. Your tax dollars at work. Use 'em.
Insurance: Don’t Sleep on It-The right coverage can save your startup. Don't skimp.
Team Building: Hire or Outsource Smartly-You can’t do it all. Choose wisely between staff and freelancers.
Suppliers: Your Business Lifeline-Good suppliers are gold. Vet them like your business depends on it – it does.
IP Protection: Lawyer Up-Patents, trademarks – get legal eyes on them ASAP.
Network: Your Net Worth
Tap into your contacts. Don’t sell, build relationships.
Skip Time-Wasting Partnerships-Focus on the hustle, not empty talks. Sales first, partnerships later.
Sales and Marketing: Always Be Closing-Listen to your customers, tweak your game. Stay agile.
IT Security: Lock It Down-Hackers, crashes – don’t let tech woe crash your party. Backup and secure everything.
Sales Team: Your Revenue Warriors=You can't be the only salesperson forever. Build a team to scale up.
Mentorship: The OGs Know Best-Get a mentor who's been where you’re heading. Their hindsight is your foresight.
Business Credit: Get on D&B’s Radar-No D&B profile? You’re invisible in the business credit world.
File Beneficial Ownership Information: As part of maintaining transparency and complying with regulations, ensure you file the Beneficial Ownership Information. This step is critical to identify the real people who own, control, and profit from companies, and to prevent misuse of corporate structures for corruption, tax evasion, or other illicit activities. Check with your legal advisor to understand the specifics for your jurisdiction and business type. Timely and accurate filing not only keeps you compliant but also enhances your business credibility and trustworthiness.