Startup Thoughts, Part 1

Some thoughts to keep you warm at night:

  • Some customers/distributors won't pay you, some will pay extremely slowly. Consider this.
  • Don't change your tax status unless you absolutely have to (consider carefully if a partner/distributor requires new tax status)
  • Your product will be damaged. How much damage and the impact on sales as well as cost should be considered.
  • With anyone doing anything, check on work being done. If you wait too long, it will have to be redone at a higher cost (and take longer).
  • How can you create customer demand?
  • What are the costs of customer acquisition?
  • Do you have enough capital? Do you have enough time?