Inc.

FIVE THINGS TO DO NOW THAT WILL SAVE YOU TONS LATER

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, subscribe to read more.

More from Inc.

Inc.2 min read
Regionals.Inc
We’re a nation of competitors. Always have been—from the sharp-elbowed scramble for land unleashed by the Homestead Act to the improbable televised spectacle that is the American Cornhole League. In business, of course, winning is about revenue. Our
Inc.2 min read
Golden Oldies
1. A Gilded Age progressive capitalist, George Pullman sought to improve the lives of workers, and profit from it. The Pullman Palace Car Company built luxury passenger rail cars and leased them to railroads. He was lauded for hiring Blacks to serve
Inc.2 min read
Proving Product-Market Fit With Preorders
Running a household is a lot like running a business. But office managers don’t use chore charts, so why should a parent be stuck with antiquated tech? That question led friends Nathalie Stratton, Mei-Lin Ng, and Susie Harrison (above, from left) to

Related Books & Audiobooks