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GeneralRe: What if... Marketing/Ad people ran software development? Pin
Ed Attfield2-Oct-20 4:04
Ed Attfield2-Oct-20 4:04 
GeneralRe: What if... Marketing/Ad people ran software development? Pin
SeattleC++2-Oct-20 7:56
SeattleC++2-Oct-20 7:56 
GeneralRe: What if... Marketing/Ad people ran software development? Pin
markrlondon3-Oct-20 13:47
markrlondon3-Oct-20 13:47 
Generalstartup idea Pin
MaryDes1-Oct-20 4:24
MaryDes1-Oct-20 4:24 
GeneralRe: startup idea Pin
W Balboos, GHB1-Oct-20 4:59
W Balboos, GHB1-Oct-20 4:59 
GeneralRe: startup idea Pin
ZurdoDev1-Oct-20 5:03
professionalZurdoDev1-Oct-20 5:03 
GeneralRe: startup idea Pin
Mycroft Holmes1-Oct-20 12:22
professionalMycroft Holmes1-Oct-20 12:22 
GeneralRe: startup idea Pin
BryanFazekas2-Oct-20 2:27
BryanFazekas2-Oct-20 2:27 
1. Risk Management.

Brainstorm for all possible risks, which can include positive outcomes (positive is less likely than negative, but it does occur). Next rate each risk on the likelihood it will occur and the impact the risk will have (good or bad), using a 3 point scale.

Address risks rated High/High (likelihood/impact) first. Develop a mitigation strategy that will reduce or eliminate the likelihood and/or impact. Next address the High/Medium and Medium High risks, developing mitigation strategies. Then Medium/Medium. If you have time, address the remaining risks, but ones already addressed are your biggest dangers.

This helps you spot holes in your idea, your business plan, prepares you to handle problems, and provides you with solid answers to difficult questions that investors may ask. It makes you look prepared, because you are prepared.

2. Cost List

Using all documentation you've prepared, develop a cost list. What things do you need, when do you need them, and what will they cost? This is another one to pass in front of an experienced person to get input. Regardless of what you determine the costs will be -- there will be things you did not consider.

3. Change

Be prepared to drastically alter your plans if your preparation indicates you need to. Let go of initial ideas if you discover they don't work or you find better ones.

4. LLC + NDA

If you really believe your idea can get rolling, form an LLC (assuming you're in a country that has such entities). The cost of forming an LLC in my home state in the USA is ~$200 to $300.

Get a signed NDA (Non-Disclosure Agreement) from everyone you discuss your idea with. Start protecting your intellectual property immediately. If you get to this stage, you may need legal advice.


You may recall the saying, "you have one chance to make a good first impression". Before talking to anyone, do your best to be prepared and present your best face.
GeneralRe: startup idea Pin
Mycroft Holmes2-Oct-20 12:03
professionalMycroft Holmes2-Oct-20 12:03 
GeneralRe: startup idea Pin
BryanFazekas3-Oct-20 7:53
BryanFazekas3-Oct-20 7:53 
GeneralOngoing survey - Graphical View Pin
Sandeep Mewara1-Oct-20 2:29
mveSandeep Mewara1-Oct-20 2:29 
GeneralDon't know if anyone has posted this yet but... Pin
glennPattonWork31-Oct-20 1:43
professionalglennPattonWork31-Oct-20 1:43 
GeneralRe: Don't know if anyone has posted this yet but... Pin
musefan1-Oct-20 1:48
musefan1-Oct-20 1:48 
GeneralRe: Don't know if anyone has posted this yet but... Pin
OriginalGriff1-Oct-20 1:51
mveOriginalGriff1-Oct-20 1:51 
GeneralRe: Don't know if anyone has posted this yet but... Pin
Greg Utas1-Oct-20 1:52
professionalGreg Utas1-Oct-20 1:52 
GeneralRe: Don't know if anyone has posted this yet but... Pin
glennPattonWork31-Oct-20 2:03
professionalglennPattonWork31-Oct-20 2:03 
GeneralRe: Don't know if anyone has posted this yet but... Pin
Rage1-Oct-20 2:25
professionalRage1-Oct-20 2:25 
GeneralCompany names Pin
Sander Rossel30-Sep-20 23:10
professionalSander Rossel30-Sep-20 23:10 
JokeRe: Company names Pin
Richard Deeming30-Sep-20 23:13
mveRichard Deeming30-Sep-20 23:13 
GeneralRe: Company names Pin
OriginalGriff30-Sep-20 23:16
mveOriginalGriff30-Sep-20 23:16 
GeneralRe: Company names Pin
Johnny J.1-Oct-20 0:41
professionalJohnny J.1-Oct-20 0:41 
GeneralRe: Company names Pin
Sander Rossel1-Oct-20 2:43
professionalSander Rossel1-Oct-20 2:43 
GeneralRe: Company names Pin
OriginalGriff1-Oct-20 2:54
mveOriginalGriff1-Oct-20 2:54 
GeneralRe: Company names Pin
musefan30-Sep-20 23:56
musefan30-Sep-20 23:56 
GeneralRe: Company names Pin
5teveH1-Oct-20 0:52
5teveH1-Oct-20 0:52 

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