Contact Menu
Baker, Dublikar, Beck,
Wiley & Mathews

Things to consider for a start-up company

Starting a new company in Ohio is an exciting prospect. Being the boss, making the rules and potential income are all enticing, but it is not for everyone. There are a number of things to consider when looking into a start-up company.

The University of Connecticut says analyzing the viability of the company is one of the biggest things to consider. Taking a close look at the amount of risk is a good start. Satisfying investors in regard to financial returns is a big part of running a successful business, and the chances of this occurring increase when there are multiple products and development costs are low. Ensuring a target market and providing something that gives the company competitive advantage is also important, as is evaluating revenues to make sure they encourage growth of the company. Because starting a company is challenging, it is important to put into place a management team that is experienced and knowledgeable in everything involved with start-ups.

According to Forbes, successful business owners build their company on a purpose, and this will help get them through tough times. They also must desire to design something fundamentally better than other products or services they are competing with, which means committing to run their business with a focused vision and according to core values. It is also important to stay in control of the day-to-day operations as well as the big picture instead of being lured by the promise of financial gain from investors. 

The most successful business owners take time for family life and their own mental health. While it may be easy to work crazy hours and put aside everything else, this can lead to burnout very quickly. A start-up company takes a long-haul approach and a marathon-like attitude with a focus on a balanced life.

No Comments

Leave a comment
Comment Information
super lawyers a v | lexis nexis | martindale hubbell | peer review rated | for ethical standards and legal ability the best lawyers in america ohio state bar association | est 1880 stark county bar association
Email us for a response

Office Location

Baker, Dublikar, Beck, Wiley & Mathews
400 South Main Street
North Canton, OH 44720

Phone: 330-470-7780
Fax: 330-499-6423
Map & Directions

Contact Our Attorneys

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Back to top