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Old 05-08-2019, 12:37 AM
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NorCalAthlete NorCalAthlete is offline
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Default Starting a business?

Got a couple solid ideas Iíve run by industry experts and angel investors along with a couple VCs. They all liked it but agreed it was extremely ambitious. They want to see an MVP before putting any money in now (these were pitched at workshops and discussed over lunches as friends).

Itís a massive undertaking and Iím not even sure where to start. I have a technical background but nowhere near enough for what I need and I estimate Iíd need at least 2 different software engineers + 1-2 data analysts to build the MVP. I donít have a name yet and need to figure out how to start a business and estimate costs for all that. Right now I have sketches, notes, outlines, process flows, etc along with monetization, route to market, expansion for 1,2,3,5,10 year plans, and rough plans for scaling / expanding product lines once the main product takes off.

Iíd like to get the MVP built this year and get something launched by end of year if not sooner. Where do I even go to learn all this stuff?
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Old 05-08-2019, 7:54 AM
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Can'thavenuthingood Can'thavenuthingood is offline
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I am assuming MVP is a Minimum Viable Product.
Government employees are more than happy to tell you how to go about setting up and running your business.

You'll need a biz license from city/county, cheap and easy.
A DBA and advert in local paper for 4 weeks straight.
A bank account
A reseller cert
Get a website setup, domain and one page billboard to start.
Brick and mortar site, physical location or online only?

Add all that into your business plan at the start.

Get a legal pad and a pen, at the top of page one put biz description and mission
Second page is Product and output
3rd page is location, you might move this down the list as this plan takes shape

4th materials needed, inventory etc
5th page is employees needed, skills and compensation

6th page is insurance, Work comp, liability, fire, vehicle, health etc
7th page is Financing, all the money talk

By now the Outline ought be visible as to what needs to be done to turn the key.
You'll need demographics numbers
Active competition in your chosen marketplace
Product pricing, looks like you have this part figured out


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Last edited by Can'thavenuthingood; 05-08-2019 at 8:21 AM..
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Old 05-08-2019, 8:28 AM
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vino68 vino68 is offline
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I hope you had anyone who you have spoken with sign an NDA.
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Old 05-08-2019, 8:58 AM
Robotron2k84 Robotron2k84 is offline
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The demo doesn't need a business to be made. Get that going and any necessary patents secured before signing up for the hell of running your own business in CA. The taxes will kill you otherwise; don't put the cart before the horse.
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Old 05-08-2019, 8:04 PM
moxford moxford is offline
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Patents shorten your runway and are a distraction - probably best to just grab a cheap provisional that will hold you for launch if you move quick.

Ideas are cheap, it is the execution that will separate your idea from the rest.

Check out AngelList at (no 'm') for co-founders, and figure out the critical path to MVP or at least a mock-up.
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