Before building the company, I will get an advice from a lawyer with some experience in entrepreneurship. Second person I advise would be an accountant. Accountant will help to do the budget and project the revenue and expenses, will estimate the cost to start up the business and tax effects. I will also get some advice from a successful entrepreneur who went through opening the business and who could share valuable lessons they learned a hard way.
The funding of company is important element. The first resource would be myself and my savings. Second resource is family and friends. Next resources will be Angels and VC.
Choosing and building a team is also important element. Assembling people doesn’t make a team. Employees should have passion to achieve a common goal. High Tech company will need a president, tech, marketing, advertising, lawyers, accountant, HR, developers, designers, graphics, sales, customer service, production, Q&A employees.
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