How to start your

Business/StartUP?
Franco Ochoa
Ing. Electronic
The Global Entrepreneurship Monitor is the world's
foremost study of entrepreneurship. (from 1999)
How to join?
Visit: http://www.gemconsortium.org
 Examples of Business and StartUps

Alan Turin Iphone

William Shockley
Artificial Intelligence 2007
Transistor
1940 Apple
1956
 But before…

1. Own your name.

2. Get in with the law.
3. How much do you need to live?
4. Where are you in your life?
5. Don’t over/under spend.

http://www.businessnewsdaily.com/
 Some steps to start a
Business/StartUP?
What you gonna do? Brainstorm ideas
Planning What do you want to do?
Build a business plan
Organization How you gonna do? Assess your finances
Determine your legal business structure
How it works?
Register with the government and IRS
Production
Select your technology
Purchase an insurance policy
Direction See, what will be done Choose your partners
Build your team
How has been done? Brand yourself and advertise
Control
Grow your business
Brainstorm ideas
Every new business starts with an idea. Maybe there's something you're
really knowledgeable and passionate about, or perhaps you think
you've found a way to fill a gap in the marketplace. Wherever your
interests lie, it's almost guaranteed that there's a way to turn it into a
business.

Build a business plan

Now that you have your idea in place, you need to ask yourself a few
important questions: What is the purpose of your business? Who are
you selling to? What are your end goals? How will you finance your
startup costs? All of these questions can be answered in a well-written
business plan.
Assess your finances
Starting any business has a price, so you need to determine how you're going to cover
those costs. Do you have the means to fund your startup, or will you need to borrow
money? If you are planning to make your new business your full-time job, it's wise to
wait until you have at least some money put away for startup costs and for sustaining
yourself in the beginning before you start making a profit.

Determine your legal business structure

Before you can register your company, you need to decide what kind of entity it is.
Your business structure legally affects everything from how you file your taxes to your
personal liability if something goes wrong.
If you own the business entirely by yourself and plan to be responsible for all debts
and obligations, you can register for a sole proprietorship. Alternatively,
a partnership, as its name implies, means that two or more people are held personally
liable as business owners.
Register with the government and IRS
To become an officially recognized business entity, you must register with the
government. Corporations will need an "articles of incorporation" document,
which includes your business name, business purpose, corporate structure, stock
details and other information about your company. Otherwise, you will just need
to register your business name, which can be your legal name, a fictitious "Doing
Business As" name (if you are the sole proprietor), or the name you've come up
with for your company. You may also want to take steps to trademark your
business name for extra legal protection.

Select your technology

Just about every business today needs a solid set of tech tools to operate. Some
will be more tech-heavy than others depending on the industry, but at the very
least, you will likely need a powerful and reliable business laptop or smart
device to help you keep things organized.
Purchase an insurance policy
It might slip your mind as something you'll "get around to" eventually, but
purchasing the right insurance for your business is an important step that should
happen before you officially launch. Dealing with incidents like property
damage, theft or even a customer lawsuit can be costly, and you need to be sure
that you're properly protected.

Choose your partners

Running a business can be overwhelming, and you're probably not going to be
able to do it all on your own. That's where third-party vendors come in.
Companies in every industry from HR to business phone systems exist to partner
with you and help you run your business better.
Build your team
Unless you're planning to be your only employee, you're going to need to hire a
great team to get your company off the ground. Entrepreneurs need to give the
"people" element of their businesses the same attention they give their products.

Brand yourself and advertise

A great startup idea won't do you any good if people don't know about it.
Before you start selling your product or service, you need to build up your brand
and get a following of people ready to jump when you open your literal or
figurative doors for business.
Grow your business
Your launch and first sales are only the beginning of your task as an
entrepreneur. In order to make a profit and stay afloat, you always need to
be growing your business. It's going to take time and effort, but you'll get out of
your business what you put into it.
THANK YOU!