check list for start ups

check list for start ups

Getting into the second phase of business. Making the firm process driven. I have found the below activities as important check list for start ups ..

Start-up Activities Tracked
· Invested own money in the new business

· Initiated savings to invest
· Wrote business plan
· Sought financial support
· Sought facilities/equipment
· Bought facilities/equipment
· Organized start-up team
· Received money from sales
· Drew salary
· Obtained separate phone listing
· Generated positive monthly cash flow
· Received financial support
· Applied for licenses, patents, permits
· Developed first model or prototype
· Started working full-time on new business ( 3000 Hrs a Year )

-- Paul Reynolds is Coleman Foundation Chair in Entrepreneurial Studies at Marquette University --



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