What do you need to start a business plan

Want to start a startup? Get funded by Y Combinator. March This essay is derived from a talk at the Harvard Computer Society. You need three things to create a successful startup:

What do you need to start a business plan

Secure paper, physical media, and devices. Business executives often ask how to manage confidential information. Experts agree on the key first step: Factor it into the decisionmaking in every department of your business — personnel, sales, accounting, information technology, etc.

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Savvy companies think through the implication of their data decisions. By making conscious choices about the kind of information you collect, how long you keep it, and who can access it, you can reduce the risk of a data compromise down the road.

Of course, all of those decisions will depend on the nature of your business. Lessons from FTC cases illustrate the benefits of building security in from the start by going lean and mean in your data collection, retention, and use policies.

When does your company ask people for sensitive information? When was the last time you looked at that process to make sure you really need everything you ask for? The business could have avoided that risk simply by not collecting sensitive information in the first place.

Hold on to information only as long as you have a legitimate business need. But once the deal is done, it may be unwise to keep it. But according to the complaint, it continued to store that data for up to 30 days — long after the sale was complete.

The business could have limited its risk by securely disposing of the financial information once it no longer had a legitimate need for it.

Nor should businesses use personal information in contexts that create unnecessary risks. Similarly, in foru Internationalthe FTC charged that the company gave access to sensitive consumer data to service providers who were developing applications for the company.

Do You Really Need a Business Plan to Start a Business? - Small Biz Daily

In both cases, the risk could have been avoided by using fictitious information for training or development purposes. Control access to data sensibly. Not everyone on your staff needs unrestricted access to your network and the information stored on it.

For your network, consider steps such as separate user accounts to limit access to the places where personal data is stored or to control who can use particular databases. For paper files, external drives, disks, etc.this minimum wage is very convenient for the big guys to pick up cheap help from the really small business when the rents, taxes and city mandated cost increase cause micro stores to close up.

the trend now is for the amazons and alibabas to take over the .

what do you need to start a business plan

July One of the most common types of advice we give at Y Combinator is to do things that don't scale. A lot of would-be founders believe that startups either take off or don't. We'll use this to figure out how much income you'll need to generate from your retirement savings. (We'll take care of inflation so tell us based on today's dollars how much you think you'll need to .

You don’t need an MBA, a business plan or even employees. All you need is a product or service that springs from what you love to do anyway, people willing to pay, and a way to get paid.

what do you need to start a business plan

If you’re considering starting a business, then start here. This section provides links to everything from a checklist for a new business to selecting a business structure and more. Payment Plan (Installment Agreement) Electronic Federal Tax Payment System (EFTPS) Normal. What New Business Owners Need to Know About Federal Taxes.

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Do Things that Don't Scale