How to Start a Business, Step by Step

I know I haven't posted in a long time. Posts will be sparse for a little while, but it will be worth it. We have a big project that we are working on, which will spruce up the ol' blog nicely.

In the meantime, I wanted to put up a brief post about starting a business.

Previously, I outlined the basic stages of business.
Roughly, I stated that the three stages are:
1) Startup
2) Change
3) Exit

If you have been following, you can see that stage 2 is where all of the value is added.

I have given multiple lectures on startups, and I like to use the following map of the life of a Startup (stage 1 above):

1. Concept
2. Feasibility
3. Prototype/Proof of Concept
4. Formation
5. Systems set up
6. Marketing Strategy
7. LAUNCH

A startup does not go through these steps in an orderly progression. Usually, once you hit the prototype/proof of concept, you re-test feasibility. Sometimes, when you hit systems set up, you completely revisit your concept.

In later posts, we will break these down even further.