Steps to organize a new business -- any ideas?

[BillGates]

I'm participating in an online discussion with one of my business courses and have to provide input on the following question:

What are the critical steps that should be taken when organizing a new business?

Now, this is a pretty broad question, but I'm looking for additional ideas or input on this.

So far I have considered:

- Decision of the products and/or services to be provided.
- Hiring employees (if applicable) and organizing them in a hierarchical structure based on the function they perform in the business.
- Analysis of the current market around you regarding the product and/or services you are offering.
- Setting goals for the future.
- Determining the type of business structure you plan on using. (Corporation, sole proprietorship, partnership, etc).
- Finding suppliers if necessary.
- Insuring the company.


Does anyone else have any ideas or input that I can add to my list? Thank you to those that do.

 

[MacBaine]

-Dive in and make it up as you go

 

[profet]

women

if you dont have them it will be a sausage fest.

i dont know 🙂

 

[BillGates]

Originally posted by: MacBaine
-Dive in and make it up as you go

Heh, I'm sure the instructor will be impressed with that one. 🙂

My list is nearing completion but I'm sure there's always something that has been left out.

 

[Que-TiP]

its kinda funny reading the topic and then seeing that its posted by a guy named billgates 🙂

 

[lowtech1]

Originally posted by: BillGates

Originally posted by: MacBaine
-Dive in and make it up as you go

Heh, I'm sure the instructor will be impressed with that one. 🙂

My list is nearing completion but I'm sure there's always something that has been left out.

That is prety much sum it up.
Keep on working when all of your employees work ½ the time that you put in & make more money than you.
Sleep, eating & vacation is not an option.
The only family that you have is the one that work for you.