Have a great business idea but don't know where to start?
Learn what critical first steps to take BEFORE you start a business. Pre-enroll now!
Learn what to do to bring your business idea to life
6 modules with videos and materials to download
Self-paced learning with email support
Peer support in the SheFund community
Bonus: investor pitch guide with step-by-step examples
You're finally ready to launch that idea you have been daydreaming about. You're excited to take the leap because you really believe in it. You've heard that you need a business plan, funding, and a go-to-market strategy - and you're on your way! Not so fast... there are a series of steps you need to get right to increase your chances of success. For instance, have you considered:
Finally, there are important personal considerations to think about in launching a startup - risks, long hours, instability, uncertain payoff. These need to be carefully thought through beforehand.
Let me tell you the story of a client. Let's call her Haley. She had a brilliant idea for a medical practice management startup, helping patients communicate better with their doctors. The first thing she did was to team up with a doctor for subject matter expertise - so far so good. In her words, all he had to do was "some doctor things" and he also invested a modest sum of money.
Being inexperienced as a founder, she gave him a 50% of the company ownership because it seemed "fair." What she didn't realize was that she had given away too much control to her partner. The two co-founders used the doctor's lawyer friends to prepare the operating agreement and she went along with the management powers that they chose. Effectively, her partner had to agree with everything that she wanted to do on the company's behalf, even though she was the CEO. This basically gave him veto power over everything, including raising capital.
While they were aligned on the company's mission and even how make it a reality, they were unable to agree on one thing that really mattered: raising capital. They sought help through mediation but were unable to break the tie and could not move the company forward. Ultimately, the company failed. Her first mistake was agreeing to a 50/50 split of the equity. This is almost never a good idea or even fair because usually one founder is bringing more to the table than the other(s). Her second mistake was not fully understanding the rights of each founder in the operating agreement. Our startup fundamentals course will show you how to navigate these kinds of situations so you don't suffer a similar fate to Haley.
Nicole Reynolds
This course is for anyone who is thinking about launching a startup, including first time founders, founders who didn't succeed the first time, and those thinking about joining a startup.
No! We created this course after working with clients who've made all the rookie mistakes the first time so you can avoid them.
If you've never had the idea of wanting to start a company, this course is probably not for you. But if you're curious about becoming your own boss, then this course will help you get clear about what steps you need to take.
No, absolutely not! Solopreneurs and solo-founders alike will benefit just as much as teams because they face many of the same issues.
Yes! This course will help you get started on the right foot, avoiding pitfalls that many early stage companies fall into. This will enable you to build a stronger company and increase your chances of getting accepted into a program.
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