Second Stage

The start-up stage involves testing and refining the product while generating initial revenue, typically to secure financing. A start-up company in the technology industry may remain in the start-up phase for more than 5 years, generating potential value without revenue. Companies in education or the service sector can establish customer bases more quickly, generating revenue of $10,000 or topping $500,000 in just a few years. No matter the industry, entrepreneurs in the start-up stage are balancing several priorities and addressing their businesses’ multitude facets at once. Gathering feedback from customers, investors, and advisers is imperative during start-up.

Develop Your Product

Apply to an incubator or accelerator to develop your idea with advisers and investors.

Pitch Your Idea

Participate in a pitch day to develop your relationship with venture or seed- funding networks.

Find a Mentor

Join an entrepreneur mentor group to find support and sources of inspiration.

Expand Your Network

Attend industry conferences to build your network and identify potential partners.

Compete with Others

Seek financing through peer-to-peer lenders, grants, and other alternative lender programs.

Investigate Other Resources

Browse other resources that may help your business while in the start-up stage.