12 Oct First 100 Days: The Checklist Every Startup Should Use
“With the help of some of the country’s top start-up businesses, we’ve compiled an essential checklist of the key tasks and activities that need to be considered in the first 100 days of starting any business.
As most people aren’t familiar with the steps to start a business, this checklist covers everything you need to know pre-launch and post-launch; from market research to domain names and business banking. If you’ve got a business idea, then this checklist will help ensure your start-up hits the ground running…”
Two things that should be done in the first 30 days that stick out for me are:
Research the market
Rebel Kitchen founder Tamara Arbib says it’s integral that you “do your homework, sense check your idea, research the market place and make sure you get impartial advice.” Snaptrip head of marketing Sean Thompson encourages start-up entrepreneurs to “list all the assumptions you make and don’t risk going forward without validating them.”
Assess the competition
Try out potential rivals as a customer to gauge their costs, what they do and the service they offer, and use this background research to find out whether your idea already exists. Qudini’s Wethered says this process can be scary as you don’t want to find you can’t do your “great idea” but says “it’s better to do it now than find this out later”. At the same time, Wethered says not to let competitors deter you: “Remember that if you thought about an idea, something in the atmosphere/contemporary times influenced this so there’s always someone else who thought of doing it too. The trick is to get out there and execute ASAP.”
Check out the source article for the complete checklist.