As a first time entrepreneur you probably have tons of questions. And every time you do a Google search for an answer you are bombarded with too much information and in some cases that information contradicts other things you have heard. Due to this, I have created a list of 54 resources that should help you out.
Legal & Accounting
Legal and accounting issues may not seem important when you are starting your company, but they are. Legal and accounting mistakes that you make early on can haunt you for years and can be expensive to fix. So if you are going to start a company you should do things right from the get go.
- S Corp. vs. LLC: Which Structure is Right for Your Business – Determining the type of legal structure for a new business can be daunting for entrepreneurs and small business owners. Learn more about S Corporations and Limited Liability Companies (LLC), and decide if one of these business structures is right for you.
- LegalZoom – a cheap way to get incorporated.
- Findlaw – a directory of all the lawyers throughout the US.
- Bookkeeping 101: Debits and Credits – Accounting ends with score keeping but begins with record keeping. The first task of accounting is to accurately record transactions. Transactions are events that change the composition of a firm’s assets, liabilities, and equity.
- Accounting Basics – This explanation of accounting basics will introduce you to some basic accounting principles, accounting concepts, and accounting terminology.
- Docstoc – A free place to get legal documents and templates which can drastically help reduce your legal fees and in some cases allow you to do some legal stuff yourself.
- You’ve Been Sued: What Do You Do? – Everything you wanted to know about being sued.
- Opening a Business Bank Account – Business bank accounts and your identity.
- Closing Down Your Business Permanently – If you’re shuttering your business for good, there’s more to it than drawing the blinds.
- Legal Issues to Consider When Starting Your Business – There are a multitude of legal issues to think about when it comes to starting your business. Everything from your business name to its structure to its operation has legal implications.
Design is something we tend to take for granted. Not only is important for your website to look good, but you also want to make sure it is usable and converts.
You can have a great product or service, but if no one sees it you will never make any money. Now this doesn’t mean you have to hire a marketing firm to help you out, but you could learn some basic things about Internet marketing.
When you don’t have much cash in the bank, you can’t afford to make hiring mistakes. Sooner or later you are going to have to hire a few employees, so you better know what to look for.
Raising Venture Capital
Raising money can be a pain in the ass, especially if you have never done it before. If you want to raise money, you need to know the basic terminology that venture capitalists use, how to create a pitching deck, and how to get in front of venture capitalists.
- Vfinance – A directory of venture capitalists, angel investors, and business plan templates.
- Forbes Midas List – A list of the top 100 venture capitalists for the year 2009.
- The 10/20/30 Rule of PowerPoint – Before you make a powerpoint that showcases your company and how much money you are raising, you should read this.
- How to Raise Venture Capital – An detailed overview on how you can raise money.
- Venture Hacks – A blog for entrepreneurs that discusses everything about venture capital.
- The Funded – An online community of entrepreneurs to research, rate, and review funding sources worldwide.
- How To Raise Venture Dollars – Ben Elowitz who has raised over 40 million dollars breaks down the tricks to raising money.
- Paul Graham – Awesome essays about venture capital and entrepreneurship.
General Business Advice
Other entrepreneurs have already solved many of the problems you are going to face. So when you run to into these generic problems, here are some websites you can turn to.
Living The Frugal Life
Although it may sound sexy to be an entrepreneur, most entrepreneurs don’t make a ton of money. You are going to have to learn to live a frugal life so that you can continue to do what you love and not worry about paying your mortgage.
Originally posted: www.quicksprout.com/2009/05/10/the-internet-entrepreneurs-handbook-–-54-resources-for-first-time-entrepreneurs/