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6 Steps To Move From Inspiration To Business Reality

Startup Professionals Musings

I suggest you use social media, blogging, crowdfunding, or documented research to quantify a real demand from people who can afford it, and don’t have a better alternative already out there. Writing down key parameters will force you solidify the specifics, and mentally commit to them.

Ideas 94
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7 Shortcuts That Can Kill A Startup Business

Startup Professionals Musings

I’m not suggesting that any startup needs to demand perfection, but I do recommend that all learn and follow common business practices from the beginning. I’m not suggesting that formal legal documents are always required, but agreements without some paper or email trail are easily forgotten or misconstrued.

Startup 62
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Roping in the Legal Eagles

InfoChachkie

Such a lawyer will not go out of their way to screw you, but when crafting the investor documents and in future investor-related issues, your lawyer’s allegiance must be to your company. At the very least, you or the appropriate member of your team should document the primary deal points in bullet-point form.

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10 Key Business Plan Elements Not In A Product Spec

Startup Professionals Musings

For example, “We just patented a new battery technology that will cut your smartphone charge time and cost in half.” Call out your top competitors, highlighting your sustainable competitive advantage, including patents, trade secrets. Document why your team is the best for this challenge. and trademarks.

Product 169