Founders Blog

  • Your Startups Pre-Launch Checklist: IRS Information (Part 2 of 14)
    Pre-Launch IRS Information from the Startup Garage

    How to Get a Federal Tax ID Before your new venture gets started, its important that you let the Internal Revenue Service know of your startup. Giving the IRS your business information is a key step in the pre-launch phase because it allows the IRS to collect taxes on [...]

  • Venture Capital and Angel Funding News
    Venture Capital and Angel Funding from the Startup Garage

    At The Startup Garage, we've been spending a lot of time paying attention to the economy as it relates to startups, especially in relation to funding. In the past few days, a variety of reports have been released regarding the state of venture capitalism over the past q[...]

  • A Guide to the Startup Phase: Creating a Business Idea and Writing Your Business Plan (Part 3 of 4)
    Creating a Business Idea and Writing a Business Plan from the Startup Garage

    After youve analyzed your personal foundation, the next step is to come up with your business idea. One way is to break the idea down into three parts: the problem that your business will solve, who is affected by the problem, and the solution to the problem. First, exp[...]

  • A Guide to the Startup Phase (Part 1 of 4)
    A Guide to the Startup Phase from the Startup Garage

    Here at The Startup Garage, we know that the startup phase can be a daunting process. The startup phase, or seed stage, is the very beginning in the life of a business. It starts with the formation of your business idea (sort of), and involves all the processes that you[...]

  • What is in a Business Plan: Executive Summary (Part 2 of 11)
    Executive Summary from the Startup Garage

    Time For Completion: Approximately 2 hours An Executive Summary is essentially a description of the whole business. While it will be the first thing people who are reading your business plan will see, it should be the last thing you write. Usually no more than[...]

  • Your Startups Pre-Launch Checklist (Part 1 of 14)
    Pre-launch Checklist for Your Startup from the Startup Garage

    Actions Every Entrepreneur Should Take Before They Launch Their Startup Its no secret that starting our own business is a challenging task. You have to come up with a unique business idea, organize and strategize by writing a great business plan, and in some cases yo[...]

  • A Guide to the Startup Phase: Pre-Launch Actions (part 4 of 4)
    Pre-Launch Actions from the Startup Garage

    You've examined your personal foundation, come up with your brilliant business idea and written a business plan. Here are some steps before you can officially launch your business. Before launching your company, make sure that you've covered all the bases in the followi[...]

  • A Guide to the Startup Phase: Your Personal Foundation (Part 2 of 4)
    Foundation of the Startup Phase from the Startup Garage

    The startup phase of a business begins with an analysis the most important piece: you. Understanding yourself is beneficial for everyone, but especially for new entrepreneurs. If you are going to dedicate years of your life to your new business, it only makes sense that[...]

  • What is in a Business Plan? (Part 1 of 11)
    The Business Plan from the Startup Garage

    Time To Complete: Approximately 180-400 hours A business plan is a document that clearly communicates what it is your company does, identifies your goals, and shows potential investors how you plan on being successful. business plan acts as a road map. By giving[...]

  • What is in a Business Plan: Mission Statement, Core Values, and Core Purpose (Part 3 of 11)
    Making a Business Plan from the Startup Garage

    Time For Completion: Approximately 5 hours Your company's Mission Statement, Core Purpose, and Core Values represent your company's beliefs and values.   When writing a Mission Statement you are writing your organizations primary goal and purpose. A com[...]