The nitty gritty of a startup business
Posted on: Mon, 06/29/2009 - 13:06
The nitty gritty of a startup business
There are many specific aspects that are pretty common among startups that no one ever tells you and you need to figure out all on your own. I started my online website last year and I have been constanly learning things that I had no idea i could legally do or needed to do such as W-9 forms, an accountant, legal advice, etc. I want this forum to serve as a place for everyone that has been through this and gotten out of it to post tricks of the trade with nitty gritty examples: (be very detailed)
Areas I would like to see hit include:
Hiring
How do you go about hiring people? (from a legal standpoint)
How did you get people to want to join your business? (getting your name out there)
How did you interview?
Do you have to pay your employees or is it better to have unpaid interns that turn into paid employees?
Advertising
How do you advertise online?
What type of promos work and do not work?
Whats the most effective ways to get traffic?
Legal stuff
What legal paperwork do you need to conduct your business without getting in trouble?
Anything that wasnt obvious to you in the beginning?
Management
What programs have you used that help you run your business and keep track of profits, inventory, costs, employee salary, overhead, other bills, etc
How do you keep in touch with your faculty?
How often do you meet with them?
What techniques have been useful in keeping your employees interested and hard working?
Web Design
What worked on your website (flashy and big logos or simple straightforward designs)
Security: What type of things are important to keep in mind while running an online business?
What cool tricks and free API's have you come across that greatly helped you?
This is just a list of areas of topics to hit. Write down some of your thoughts so someone else doesnt make the same mistakes you made. You can add other topics that i didnt hit. Thanks!
Funding is indeed important on the first stage of business.
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Excellent points! What's your background?
If your a startup with enough funds available and need IT consulting I would go with trianz they free up your company resources to let you focus on growing your business.
I am currently a UD Mech Eng Senior. I worked in web dev for about 3 years and I now started up my own online business and I am launching the site in about one week. With that being said, I want to make sure I am not:
1) Breaking laws with anything I am doing
2) Not doing unneeded work or making uneeded mistakes since I can learn from people who have already done so
3) Leading my coworkers poorly or inefficiently
I am new at owning a business and I need the details of how to do some of the things I mentioned above. Once the site is launched and is up and running I will be looking to this forum for advice on what I need to change and how I should go about my business. The business plan was submitted into the University of Delaware Business Plan Competition and out of 43 business plans submitted my company won first place! We have been working very hard to get the business ready for the fall semester but we need help... we therefor are recruiting interns but we are not really sure how to do it. How do you get people to apply for an unpaid internship???
How about taking a class at the business school on startups?
It sounds like at this point, be sure not to put up copywrited materials on your website. If you make promises to customers, you need to fullfill them. Don't hire people unless you can pay them, and all the taxes that are due. Your interns can't be "employees" - you will need to check with a laywer about what is possible in your state for unpaid interns(many lawyers will give you a free hour or so of ree advice as a marketing expense to them). Interns usually work to beef up their resumes and get real-world experience.
check out startup.com/ethics