Evan Harmon - Memex

Entrepreneurship

img Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk, and potentially involving values besides simply economic ones.
wikipedia:: Entrepreneurship

Related

Concepts

Technology

How-To

Bare Minimum

  • Decide on Business Entity Classification
  • Open a business checking account for easier categorization, separation, accounting, liability and taxes.
  • Setup method of getting paid
    • e.g. stripe
  • Business model and strategy
    • basic idea of:
      • core business proposition
      • competitive advantage
      • Value stream mapping
  • Analysis of minimum operation of the core functionalities of a business (as in Matrix or cross-functionally organized companies)
    • Operations
      • processes
    • Technology
      • tools
        • general tool app like notion or coda to start from for documentation and when that gets strained for a given use case, then add another tool.
          • E.g. do your first few expenses and invoices in the app until it gets too complicated and then try Quickbooks or something.
          • manage your first forays into ads and sales in the tool and when it gets too complicated, add a CRM
      • website
      • documentation
      • team communication
      • customer communication
    • Marketing
      • brand
      • ads
      • crm
      • sales
    • Finance
      • accounting
      • expense tracking
      • invoice generation
      • bill customers method
      • taxes
    • Legal
      • business entity
    • Data/Analytics/Business Intelligence
      • measurement, KPI

Next

  • Core finance documents
Entrepreneurship
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Entrepreneurship
Related
Concepts
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How-To
Bare Minimum
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