eHub and Gwinnett Innovation Park recently introduced the Npire Program and the Founders Grant and the response has been tremendous. Here is an interview with Leland Strange explaining to WSB reporter, Kerry Kavanaugh, more information about the two programs.
To help the new incoming Nspire Program entrepreneurs, here is an excerpt from an article on BNET News by Mary Goodman and Rich Russakoff listing The Essential To-Do List for First-Time Entrepreneurs.
Not only does this list offer the to-do list it also mentions that the two biggest reasons for failure are lack of experience and running out of cash.
The Essential To-Do List for First-Time Entrepreneurs
When you leave the corporate world to go out on your own, you trade the illusion of security for the illusion of freedom. It’s best to realize that now.
So, our best piece of advice to you is this: When you control your money, you control your future. Here’s a to-do list to help you get to the five-year mark — and beyond.
To read the entire article and the details of the items listed below, go to: http://www.bnet.com/blog/bottom-line/the-essential-to-do-list-for-first-time-entrepreneurs/186
1. Overestimate (generously) your costs to start up.
2. Know your break-even point.
3. Realize that you can’t make up in volume what you lose in profit — so price accordingly.
4. Build your financial team.
5. Find a mentor or business coach.
6. Conquer your fear of financials.