Questions

Hi, this is Ann, a business coach for startups and entrepreneurs.

Starting up equals giving birth. It involves a lot of passion, time, energy, consideration and so on. Since your question is a little vague, I would love to suggest some deep inner work that you might want to work on:

1. How much do you love that company? How long do you expect to stay with it? A year? 5 years? 10 years? Or entire life?
2. How long after running your company do you expect to get back your initial investment?
3. If it could not get any financial support from investors, what would you do? Just give it up or think of plan B, C, D....?

After that, you may want to skim through the various types of company to choose one that fits your intention (sole proprietor, LLC, corporation) and read some effective strategies for the chosen one.

And the last thing is from my personal experience. You should have some co-founder or at least someone as passionate as you are since the start up path is never and will never be easy.

Hope that I have answered all of your questions. Should you need any help, feel free to contact me. Ann is always all ears!


Answered 4 years ago

Unlock Startups Unlimited

Access 20,000+ Startup Experts, 650+ masterclass videos, 1,000+ in-depth guides, and all the software tools you need to launch and grow quickly.

Already a member? Sign in

Copyright © 2020 Startups.com LLC. All rights reserved.