DAVID S. ROSE, ENTREPRENEUR, INVESTOR, mentor, and author of The Startup Checklist: 25 Steps to a Scalable, High-Growth Business, has been present at the birth of businesses for decades. He knows what makes them grow—or not. Rose shares the simple, practical things you can do right from the start of your business that will potentially save it lots of money later, and will give you the best chance for success.

1 Decide if you want to be a small, independent business or a high-growth startup.

This is a binary, critical, fundamental decision that will immediately answer over a dozen other questions. It will determine what type of corporate structure you use, which state you register in, what kind of financing you will be able to receive, how you will compensate your employees, and much

You're reading a preview, sign up to read more.

More from Inc.

Inc.2 min read
No. 2 Salt Lake City UTAH
The Hottest Tech Hub East of Silicon Valley Known as the Crossroads of the West—the first transcontinental railroad and the first transcontinental highway both pass through—the mountainside city also has another, slicker nickname: Silicon Slopes. Te
Inc.2 min read
No. 11 Phoenix ARIZONA
Desert Bloom The Phoenix area, once known for its hotels and low-wage call centers, is quickly developing a reputation as a hub for tech and entrepreneurship. The number of tech companies headquartered in downtown Phoenix has grown from 67 in 2012 t
Inc.2 min readEntrepreneurship
Do Entrepreneurs Really Need an MBA?
Applications to two-year full-time business schools have declined for the past three years. Yet some of today’s best-known startups—Rent the Runway, Birchbox—were launched at B-school. What’s an MBA good for? We spoke to Dave Gilboa, who co-founded h