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
- 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