Friday, April 3, 2009

Got a great idea?

There's never been a better time to turn it into a great company. Here's a 16-step guide to help you do it right and build a bulletproof startup.

Phase One Establish a Company
Step 1. Stress-Test Your Big Idea
Step 2. Build Your Founding Team
Step 3. Draft a Business Plan
Step 4. Play the Name Game
Step 5. Incorporate Thyself

Phase Two Prototype the Product
Step 1. Stake Out Intellectual Property
Step 2. Create an Advisory Board
Step 3. Build Your Prototype

Phase Three Develop the Beta Product
Step 1. Start Staffing Up
Step 2. Assemble Your Back Office
Step 3. Launch Your Beta Test
Step 4. Revisit the Business Plan

Phase Four Launch the Product
Step 1. Build a New Board of Directors
Step 2. Develop the Sales and Marketing Plan
Step 3. Open an Office
Step 4. Hit the Market

Read the entire article by Michael V. Copeland and Om Malik on Cnn Money.

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