Prabhu' blog

A blog detailing my business activities What i was upto and my notes and stuff... How to go about company and entrepreneurship

Thursday, November 09, 2006

forming a company

1)Decide upon an idea
2)Do the market research (if you cannot spend too much money on it, do extensive research on the net day and night- Most of the research firms rely on net to evaluate ideas)
3)Assemble a team
4)Evaluate resources
5)Write the Buiness plan. Share it with team members and constantly refine it
6)Register the company
7)Get everyone full time and start working
8)Assign ownership of modules and activities
9)Start working on the product/service
10)Parallely pitch the product/offering idea and business plan to potential investors
11)Get a good mentor, Follow his advice
12)If you have plenty of resources and can really manage, do service based projects (but it may lead to losing of focus. Beware of this trap)
13) Product marketing is an area by itself and it has got a number of steps
14) Target the Buyer persona thru direct marketing, cold calls

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