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8 Steps To Starting A New Venture With Limited Funds

Startup Professionals Musings

Now is the time to be an entrepreneur and create a business from your passion. The cost of rolling out a business has never been lower – it only takes a few hundred dollars to incorporate a Limited Liability Corp (LLC) online, create your own website, use social media to get attention, and you are in business.

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6 Steps To Move From Inspiration To Business Reality

Startup Professionals Musings

I recommend a ten-slide pitch to start, reviewed by friends and advisors, to be expanded to a ten-to-twenty-page business plan with opportunity sizing, cost and price details, competitors, marketing and sales strategy, financial projections, and resources required. Make sure your solution is defensible and unique.

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13 Critical Small Business Legal Requirements to Start a Business

Up and Running

Limited liability company (LLC) – A structure that combines the characteristics of both corporations and partnerships. Check out the IRS tax requirements to determine what taxes your business structure deals with. Secure your intellectual property. Still, you can use accounting software or work with a tax professional.

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10 Preparation Steps to Win an Angel Investment

Startup Professionals Musings

Here is my list of top ten action items to best prepare you for success in achieving a funding event with angels: Incorporate the business now. If you expect to require external funding, you should first incorporate as an S-Corp, C-Corp, or LLC, rather than the more expeditious sole proprietorship or partnership.

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These 8 Disciplines Define A Fundable Entrepreneur

Startup Professionals Musings

In the United States, this is a limited liability corporation, or LLC. Build your time line and momentum quickly after your business' start. Register some intellectual property to provide a barrier to entry. Prepare for investor attention once you are ready to scale the business.

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Top Ten Action Items For Angel Funding Success

Startup Professionals Musings

Here is my list of top ten action items to best prepare you for success in achieving a funding event with angels: Incorporate the business now. If you expect to require external funding, you should first incorporate as an S-Corp, C-Corp, or LLC, rather than the more expeditious sole proprietorship or partnership.

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10 Key Business Plan Elements Not In A Product Spec

Startup Professionals Musings

As an advisor to new hardware entrepreneurs, I often hear the myth that a business plan is no longer required to find an investor, if your idea is good enough. You may have heard that venture capitalists in Silicon Valley no longer read business plans. Description of the business entity you plan to form.