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

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