You want me to decide the business structure before I even have a real team in place? That is crazy! Or is it?
Right now I am a one woman show. My business is still very much in ideation and development. I have connected with several people to gain insights into different creative disciplines so that I can create a user experience suited to the array of demographics that I’m trying to reach. However, I have yet to bring partners into the picture.
- What do I need from others?
- How do I know that I can trust these people?
- Are they in it for the long run?
- Where do they fit into the business structure?
PAUSE! Take a deep breath, calm down and step away from the business as your baby for a moment. If you were a business consultant or even a friend giving advice about how to structure this company, what would you say?
My Response (to myself):
It is too hard to do start a business on your own. You NEED a team in place. They are your support system, your brain-trust, fresh eyes, talent, and balance. Start by having deeper conversations with people you know and respect. If there is interest, then take it a step further by talking about involvement in the company. You definitely need a strong software developer, but maybe the first phase does not require someone of such a high skill set. Next you need to consider what your action items are.
- Claim your URL
- Getting an LLC and your DBA
- Opening up a business bank account
- Revisiting the business plan – fill in the empty spots
It is time for me to stop treating my business like a newborn baby, and to start letting it crawl around. The business will only grow and develop if I let go a little. Here we go…
*Check out this clever SlideShare that compares branding your new business to a baby.