| This is the third installment of the three-week timetable to start a new business in three weeks. It’s from 3 Weeks to Startup, the book I’ve just finished as co-author with Sabrina Parsons.
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| What you really have to do, no matter what, as in absolute essentials, the plan for week three … | … along with notes, comments and why in this week |
| Establish your location. That goes from desk and phone and such in your home office (pretty easy) to completely revamping the restaurant, manufacturing plant or other big deals. | For some people and some businesses, this is where the three weeks premise trips up. You can’t always set up a restaurant or manufacturing or offices in less than three weeks. Sometimes you can’t even lock in the location you want in that time. |
| Set up the bookkeeping | We’re recommending you check with your bank, look into what your bank supports for exporting into your bookkeeping, and choose what looks best to you. |
| Make it legal. Follow through with the annoying details of ownership, fairness and tasks by getting documents you can refer back to if the need arises. | In week one we recommended going over ownership shares and responsibilities with fellow founders. And we recommended getting all that in writing, but as a draft, to record the agreement. In this step we’re talking about doing the real legal work, with the help of an attorney, including registering the legal entity, the buy-sell agreement and whatever is required to lock in the use of the name. |
| Hire your startup employees | You set the standards and started recruiting in week two. In week three, you sign up the real people. |
| Settle the financing | Your simple startup, a home office and a computer, might need nothing more than what you can get at Office Depot in an afternoon. If you have to raise more money than you have, then you’ve got to do a more detailed business plan, find potential investors and do a lot more work. You should revise your goals by setting the three weeks startup to be the beginning of serious investor meetings. |
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