7 Checks To Make Before You Launch Your Startup

Two of the focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. When launching your startup company, there were couple of things to keep in mind. Seven of the of them are discussed in this contributed post which is entitled; 7 Checks To Make Before You Launch Your Startup.

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Before you launch your startup, you need to make sure you have everything in place. Below, we have 7 checks you should make before launch, so that you can ensure everything is ready to go – yourself included. Take a look and see if there’s anything else you need to do to succeed:

1. Have You Checked Out The Competition Thoroughly Enough?
Researching your competitors thoroughly is a must. You want to know exactly what they are doing and how you can differentiate yourself from them. If you don’t know as much as possible about them, you won’t know if you’re offering something viable and different enough to get people to come to you instead.

2. Have You Put Enough Thought Into Funding?
Funding should be your number one concern at the beginning of your business. You need to make sure you have enough cash to start, get through those agonizing first few months where you’re drumming up business, and keep you going if you need equipment, or an emergency crops up. You can get funding from friends, family, banks, peer to peer lending – whatever works for you. Make sure you put enough thought into it.


3. Is Your Premises Ready To Go?
You need to make sure your premises is suitable and ready to go before you launch, whether you’re starting from your bedroom or your office. Do you have everything you need, such as the right equipment and a strong internet connection? Perhaps you need to change and update a few things with the right kind of piping before you can get things done there. Make sure you triple check everything.

4. Have You Sought Out Advice From Experts And Mentors?
Make sure you seek out experts and mentors in the industry and ask them for advice. At the very least, watch their YouTube videos, read their blogs, and listen to their podcasts. Really educate yourself on what it’s going to take to make this work.

5. Have You Found The Right Marketing Agency?
Sorry, but you’re not going to be able to do your marketing yourself. It’s smart to want to save money in the beginning, but doing so in marketing will likely only hinder you. Having a professional company that has proven results do it for you will give you peace of mind and allow you to spend more time doing what you’re good at.

6. Have You Put Together A Business Plan?
You should always have a business plan before you launch your business. Putting one together is far easier these days, as there’s tons of advice and templates online that can help you.

7. Have You Got The Right People Around You?
Making sure you have the right people around you is key. This goes for employees, lawyers, accountants, financial advisors, and even friends and family – the people you have around you will make a huge difference to your success. Cut out toxic people and make sure you do your research before bringing anybody on board.

Author: anwaryusef

Anwar Y. Dunbar is a Regulatory Scientist. Being a naturally curious person, he is also a student of all things. He earned his Ph.D. in Pharmacology from the University of Michigan and his Bachelor’s Degree in General Biology from Johnson C. Smith University (JCSU). Prior to starting the Big Words Blog Site, Anwar published and contributed to numerous research articles in competitive scientific journals reporting on his research from graduate school and postdoctoral years. After falling in love with writing, he contributed to the now defunct Examiner.com, and the Edvocate where he regularly wrote about: Education-related stories/topics, Science, Technology, Engineering and Mathematics (STEM), Financial Literacy; as well as conducted interviews with notable individuals such as actor and author Hill Harper. Having many influences, one of his most notable heroes is author, intellectual and speaker, Malcolm Gladwell, author of books including Outliers and David and Goliath. Anwar has his hands in many, many activities. In addition to writing, Anwar actively mentors youth, works to spread awareness of STEM careers, serves on the Board of Directors of the Friends of the David M. Brown Arlington Planetarium, serves as Treasurer for the JCSU Washington, DC Alumni Chapter, and is active in the Dave Ramsey Financial Peace Ministry at the Alfred Street Baptist Church. He also tutors in the subjects of biology, chemistry and physics. Along with his multi-talented older brother Amahl Dunbar (designer of the Big Words logos, inventor and a plethora of other things), Anwar is a “Fanboy” and really enjoys Science-Fiction and Superhero movies including but not restricted to Captain America Civil War, Batman vs. Superman: Dawn of Justice, and Prometheus. He is a proud native of Buffalo, NY.

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