Getting Started

PLAN! PLAN! PLAN!

There are literally  thousands of good business ideas out there. Many do not succeed because business startups do not begin with a plan as to how they are going to get their idea from thought to execution.  Many have neither researched how much money it will take to get their startup going nor carefully considered a multitude of factors that could result in the success or failure of their idea.

We strongly encourage you to spend time carefully planning how you are actually going to get your startup off the ground, who you are going to involve, at what cost, etc.

Given the very high incidence of business failures and the large amounts of money or capital often lost, we have created a series of Phases which are designed to try give you a framework or methodology within to develop your idea from thought to execution.

One of theme's we have incorporated in the Phases in the concept of "test and then invest". Our Phases encourage you to build out your start up in incremental stages and to make sure you moving towards a viable business at each stage.

As you have probably already seen, the phases are as follows:

Phase 1 - Viability Assessment

Phase II - Pilot & Percolate

Phase III - Set Up

Phase Iv - Start Up

Depending on your business idea, you should budget between $5,000 to $25,000 to complete some or all of the above steps, however I have seen some startups spend $100,000 or more in developing their product.

So remember to plan wisely before you spend your hard earned money!

Let’s get going to Phase I.