In starting your new business, you are undertaking a journey that should be a rewarding and hugely satisfying experience. You will be devoting an extraordinary amount of time and energy plus risking your financial resources. You must be careful to minimize your risks of making mistakes.Before an airliner takes off, you can be sure that the pilot will have walked around the plane and checked off every system to be certain that it's functioning properly. The purpose of this Start-Up List is to provide you with important check-off lists to insure that your necessary business disciplines are in place and functioning.
While the following check-off lists will increase your ongoing chances of success, I suggest that before starting you also create a strong mental image of a four legged stool. This stool will become your guiding reminder during your initial start-up. When all four legs are the same length and secure, the stool works fine. A short or missing leg can be a disaster. There are basically four legs that you will need to anchor securely in place during the critical start-up phase of the business:
Be sure you have selected the right business. (The most common mistake is not selecting the right business initially.)Have your personally written business plan in place and reviewed by experts in your field.
Be sure you know how to keep score: basic knowledge in accounting and cash flow control.
Work for someone else in your intended business before starting your own company.
Top Ten Do's Before Starting Your Business