Hyper-Practical Tips on Starting Your Own Company

  • Here are the highlights:

    * Use Quickbooks.

    * Make it a Delaware C-Corporation.

    * Put 100% of expenditures on a single credit card.

    * Practice interviewing.

    * Let the law firm handle your cap table

    * Print long emails. You'll actually read them.

    * Get Errors & Omissions (E&O) insurance early.

    * Buy a computer and chair you like.

    * Pay yourself something.

    * Always get Proprietary Inventions Agreements from every employee and contractor.

    * Never ask for an NDA from third parties, (with three exceptions)

    * ... decide when your company's "day" starts

    * Rent month to month.

    * Get good t-shirts.

    * Pick a company name based on URL availability.

    Now if you care, go read the article.

  • We need more posts like this. The nuts and bolts of bootstrapping. Too many articles talking about what to do at step 43, need more about steps 2-5.

    Speaking of, has anybody had success with rather than dumping the 9-5 and jumping straight into your startup, tried going contractor for a while and use the down time to work on the start-up?

  • If Quickbooks really is the best thing going then somebody should invent a better Quickbooks. It really is a terrible piece of software with terrible support.

  • This link already submitted. http://news.ycombinator.com/item?id=1612299

  • Quite insightful compared to your run-of-the-mill checklists. I guess it wouldn't have come up on hbr.org otherwise. Its nice it covers some really diverse aspects of a business.

    I am glad I have followed some of them which I was already aware of and gotta agree, definitely got some new things to think about from this list.

  • what do you need to make it a delaware C-Corporation? any source or url?