Tech Startup’s things to do

1.   Idea

"Nothing is more powerful than an idea whose time has come.” ― Victor Hugo. 

Good businesses start with good ideas, idea has to be unique, should have huge potential and timing must be right.

    a.  Objectives

    b.  Practicality

    c.  Market Research

    d.  Customer Forecast

e. Competitors

f. Required resources

    g.  Business Plan

                 i.  Costs

                 ii.  ROI

    h.  Pitch Deck

2.   Legal Aspects

Patents, trademarks, copyrights, trade secrets and business name should be define and must be protected. Personal and business assets should be kept separate.

    a.  Lawyer

    b.  Company Name

    c.  Type of Organization

                 i.  Sole Proprietorship

                 ii.  Partnership

                 iii. Corporation

    d.  IP Rights

    e.  Licenses

    f.  Equity

    g.  Tax Registration

    h.  Insurance

    i.  Contracts

3.   Financial Aspects

If you are able to convince people to invest in your company, you have solved a major problem; however, It is also important to understand the requirements of the financial sources, and having a payment plan that is supported by financial statements.

    a.  Accounting Setup

    b.  Business bank account

    c.  Valuation

    d.  Exit Strategy

    e.  Raising Funds

                 i.  Bootstrap

                 ii.  Loan

                 iii. Crowd funding

                 iv.  Angel Investors

                 v.  Venture Capitalist

    f.  Monetization

4.   Product Aspects

A million dollar product is nothing until it delivers on its promise, engages customers and brings value to them.

    a.  Visual Design

    b.  User Personas

    c.  MVP

    d.  Customer engagement

    e.  Usability Testing

    f.  Branding

    g.  Marketing

    h.  Distribution

    i.  Sales

5.   Organization

Organizational structure improves operational efficiency by defining who is who, who will do what, how to make best use of resources.

    a.  Organogram

    b.  Vision and Mission

    c.  Vesting

    d.  Processes

    e.  Salaries and Equity

    f.  Office Space and Facilities

    g.  Email Servers, Laptops etc.

6.   Team

The most important asset is the people.

    a.  Co-founders

    b.  Board of Directors

    c.  Hiring

7.   Technical Aspects

The engine that drives the big machine.

    a.  Infrastructure

    b.  Software Architecture

    c.  Capacities

    d.  Performance

    e.  Information Security