Welcome to part 6 of our 10-part series 'From Idea to Startup: A 10-Step Guide for BIPOC Entrepreneurs'! As stated in the overview of the " From Idea to Startup: A 10-Step Guide for BIPOC Entrepreneurs " post, I am a passionate advocate for diversity in tech and a UX/UI researcher with a background in entrepreneurship, I'm thrilled to guide you through the exhilarating journey of turning your innovative ideas into successful startups! In this post, we'll dive into Step 6, where we will talk about establishing a legal fund for your start-up. Photo by Christina @ wocintechchat.com on Unsplash Establish Your Legal Foundation 👩⚖️ Setting up a solid legal foundation is crucial for protecting your startup and ensuring compliance with regulations. Here's a comprehensive guide to establishing your legal framework: Choose Your Business Structure Decide on the most appropriate legal structure for your startup: Sole Proprietorship Simple but offers no personal l...
Welcome to part 5 of my 10-part series: 'From Idea to Startup: A 10-Step Guide for BIPOC Entrepreneurs'! As stated in the overview of the "From Idea to Startup: A 10-Step Guide for BIPOC Entrepreneurs" post, I am a passionate advocate for diversity in technology and entrepreneurship while obtaining my Master's degree currently in UX/UI research and design, I am thrilled to guide you through the exhilarating journey of turning your innovative ideas into successful startups! In this post, we'll dive into the fifth step: creating a minimum viable product. Develop Your Minimum Viable Product (MVP) 🛠️ Creating a Minimum Viable Product (MVP) is a crucial step in your startup journey. It allows you to test your core idea with real users, gather valuable feedback, and iterate quickly. Here's how to approach MVP development: Define Your MVP For startups to test their ideas quickly and efficiently, the MVP must be defined in two key steps: 1. I dentify Core Featu...