Pose questions or ask for feedback on your plans to get a sense of whether you’re on the right track. Onfido COO Eamon Jubbawy also believes that three “is the magic number” for co-founders: “Businesses require creativity, planning and implementation having someone who comes up with the ideas, someone who plans them out and someone who makes them happen allows each of us to focus on one of those things.”Īs well as talking to people you know and trust, joining an online business community such as Bizcrowd, which has around 35,000 members will open the door to connecting with others who have faced similar quandaries. Three is a magic number and a great basis for a founding team as it allows for a healthy mix of skill sets and – for the more ambitious start-up – de-risks the investment for would-be future backers who are often put off by the perceived high risk of solo founders. 100% of a business worth nothing is nothing. Don’t be reluctant to get others involved and give up a stake in the company, he says. On Startups, we’ve profiled a number of successful sole founder and co-founder businesses so there’s no one “right” path but Laundrapp co-founder Ed Relf advocates getting a co-founder on board. It’s better to learn from their mistakes than to have to make your own!” Wethered: “A lot of people hide things due to fear of having people condemn or steal it, you need to get real, honest feedback, and long term execution matters most.” Equally, as carwow co-founder James Hind explains “you don’t have to take the advice of others but other people who have been where you are now may have some interesting insights. Qudini CEO and co-founder Imogen Wethered’s cores advice is to talk about your idea in the early stages. Talk to business owners and peers that you know and trust.What’s more, by being involved in two jobs at the same time you’ll know for sure whether you’re truly committed to your business idea. Retaining a guaranteed income reduces the usual start-up risk and means you won’t necessarily have to secure start-up capital straight away. There are a number of benefits to starting a business part-time while working.

Don’t quit the day job until you have to.If you’ve got a business idea, then this checklist will help ensure your start-up hits the ground running… Days 1-30 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.Īs 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. Wouldn’t it be great if there was a start-up cheat sheet for budding business owners? Well, now there is!

100 day check off sheet