Before you even bring the business together, get all your prework done first.
Do not go through the expense and hassle of officially setting up a business until you have made the required effort to demonstrate that you have a feasible product or service … that people will actually pay for.
Below are some of the prework:
First have an idea: Ideas are the simplest component of the prework. Ideas that might make a lot of money are nice. Also nice are the ideas you’re really interested in. It is best to have ideas that combine your interest, generate income and solve a real problem. Do not start a company unless you’re 100 percent behind the concept and you can visualize yourself working on it for over 5 years.
Discover how your company is going to make on Day 1: Ensure you know how you’re going to generate income and make sure that it makes sense to support you personally.