Get the Facts on What Not To Do When Launching a Start Up

Get the Facts on What Not To Do When Launching a Start Up
We can always find ideas, tips and advice on what to do when launching a start up but how many people find out beforehand what not to do? Sometimes knowing what not to do, can save you a lot of headache, heartache, time and money.

Well, we have found some really useful information that every business owner needs to know before they get started. The importance of knowing what not to do when launching a start up, will make all the difference in how successful the business will initially get off the ground.

It's been said that the investments for U.S. startups on the on the rise. In fact, the Phoenix Business Journal reported, startups are on the rise to nearly pre-recession investment levels. They also state they may be our secret solution to getting out of the recession.

So, if you are ready to get your business idea into motion, start off with a business plan and portfolio to map out your startup business structure and its goals.

Then, take a look at some important information according to Allen Steiman of Soletron and Gauri Manglik  of Fondu. They have some concrete knowledge of what not to do when launching a startup:

1. Don't put off the legal groundwork
2. Don't be afraid to learn faster than anyone else
3. Don't forget to reach out to mentors and advisors who have done it before and believe in you
4. Don't forget that you get what you pay for — especially when it comes to talent
5. If you don't have a lot of money, don't be afraid to compensate your team with equity
6. Don't forget that this will take over your entire life
7. Don't assume people will be as responsible as you are
8. Don't forget that you need a partner you can trust
9. Don't neglect your physical health
10. Don't forget to develop a thick skin. Not everyone will be sold on your idea at first
11. Just do it

Remember, by getting your business plan done first and then concentrating on these 'Don't Do's', you will have a smoother start at getting your business up and running.

Read more on the tips above in depth at Business Insider.

Who Made The Best Startups List in 2011?

(photo courtesy of startups.co.uk) 

Let's get inspired and ready to conquer the world with our startup business ideas. If you need to be motivated with seeing others make it happen and in a big way, check out the list of the 20 Best Startups in 2011. 

The Business Insider had the list of the best of 2011 below:

Simple (formerly called BankSimple)  wants to merge all accounts into one and do away with fees by splitting the net interest between all of the banks involved. It's partnering with Visa to create one, ultimate credit card that connects to all of its partner banks and 40,000 fee-free ATMs

Lytro is the first light field camera that allows you to "shoot now and focus later." Here's how it works: 1) Take a picture 2) Upload it 3) Click on a blurry section that you'd like to highlight 4) Watch the image instantly shift focus from 2D to 3D.

Betterworks is an employee rewards network for small businesses. Instead of having to scout out great deals for employees, small businesses and startups can use BetterWorks to offer their staff deals at local gyms, restaurants and more.

Zaarly is a local marketplace for real-time requests. Need chips at your party in five minutes? Find a neighbor on Zaarly who will do it now. Think Craigslist meets Twitter.

Turntable.fm is a way to listen to music online with groups of people. Users can join chat rooms and battle to become a DJ in a socially-integrated experience.

Oink is a recommendation app that lets you rate items at the venues you visit, like hamburgers and coffees.

General Assembly is a school for entrepreneurs with courses taught by the community and cheap desks to rent office space.

In order to compete with these few startups, you will need a business plan and portfolio done professionally.

Read about the others that are already successful and growing as we speak HERE