Three things the founder of any startup needs to know
by marufjony · 15 things on Twos
- The vision - what the principles are trying to accomplish
- Starts with a narrative about the business itself
- Go over every aspect of the business and write a statement down about each
- Needs to be thorough
- Business name, mission statement, the problem being solved, the solution being offered, target market, size of the market, competitors, marketing activities, different revenue streams, anticipated cost structure, initiatives necessary to get the business started, startup costs.
- The business plan narrative - what strategies we are taking to accomplish the vision
- Marketing
- Sales
- Operations
- Direct Expenses
- Operating Expenses
- Startup Costs
- Assets
- Financials
- The financial forecast - for operating and capital raise purposes