Saturday, December 6, 2008

Startup Checklist

I have been drilling my head, pooling some time to kick start my business and there are so many elements involved in this process.
I thought let me put a checklist together which will help other entrepreneurs too.
Please leave your comments if there is anything to add.

Ideation and Plan building
  • Assess your strengths and weaknesses
  • Market and sector research
  • Look for mentors - very helpful at times!!
  • Look at your financial resources and see how you can use it at best
  • Determine your startup costs - keep it low and be a miser in this case
  • Develop a marketing plan
  • Who are your customers going to be?
  • Talk to people to find if what your approach is the right one
  • What would be the possible financial Risks
  • Source your suppliers

Operational Plan

  • Decide your office location
  • Choose a form of organisation
  • Get a logo and marketing collateral
  • register your firm
  • look for an insurance agent
  • create a bank account
  • get an accountant
  • get business cards
  • get a business license if required
  • look at the tax norms


  1. look for an insurance agent
    – What for?
    get an accountant
    - This early, really?

  2. We need to have all the resources in hand. Moreover the definition of "early" is different to each entrepreneur.


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