20 Things You Should Not Do Before Starting Your Business
Business Opportunities says "Too often, many would-be entrepreneurs spend all of their time planning their corporate structure, getting all of the necessary permits, licenses, bank accounts, and doing all of the other minutiae of business before they actually figure out whether or not they actually have a product or service that someone will pay for." I completely agree.
It's very important to focus first on the product and making sure it is feasible and marketable before you go about ordering office furniture.
Dane has a list of the 20 things not to do before starting a business:
Don’t incorporate. Seventy five percent of all businesses are sole proprietorships, and they already make money.
Don’t get a bank account. Your personal banking account will work just fine if someone wants to write you a check, or if you need to pay for something.
Don’t rent an office. Work from home. It won’t require a first, last and security deposit. Plus, it’s tax deductible.
Don’t hire anyone. Don’t hire someone if you can do it yourself. For everything else, use contractors and give them 1099.
Don’t get a business telephone number or mailing address. You have a cellphone, use it. If someone needs to mail you something, have them send it to your house. You’re working there, remember.
Don’t buy any equipment. Outsource everything. Fedex Kinkos can handle all of your printing, and instead of splurging on a postal meter head down the post office. Need something big? Rent it! If it’s not something you can rent by the day, maybe there’s another local business with one. Can you rent it during their off hours in the middle of the night?
Don’t write a business plan. Sure you need to know what you’re going to do and how you’re going to make money, but don’t waste time formatting it into a structured plan.
There some on the list i don't think I agree with but it's an interesting list and a good way to ask yourself whether what you are doing really is important to the success of your new business or merely diversionary.
Take a look at his full list and please let me know if there are any on that list that you don't agree with and why.