The document provides a list of 14 things to remember when starting a business. It recommends investing in a laptop and backup technology. Entrepreneurs should think about the problem their business will solve, competitors, differentiators, and costs. A SWOT analysis of the business and clients should be conducted. Legal and compliance tasks like registering the business name and obtaining licenses are also included. The list covers marketing, accounting, compliance, routines, and networking essentials for new entrepreneurs. It emphasizes developing a daily routine and telling others about the new business. The document encourages entrepreneurs to keep trying despite rejections as only a few start businesses.

1. Entrepreneurial Spirit –
Top 14 things to
remember when starting a
business.
Shamal Tennakoon B Com, MBA, SCRUM Master, FAMI

2. In the Job Dream
Every person who works for someone
thinks that they can run the business
better!
The author of E-Myth Michael Gerber
calls this the Entrepreneurial Seizure
which means “the moment the
entrepreneur decides it would be a great
idea to start his or her own business”.
Shamal Tennakoon

3. Entrepreneurs initial check list
Technology
 Invest in a Windows Prof /Mac Laptop. My preference is
Windows + Office 2016 + Virus protection + 2TB or larger
USB Drive + Purchase Manufacturer Warranty.
 Even if you subscribe to MS 365 in the Cloud maintain a
local copy of your current data, you will have moments that
you are unable to get an internet connection.
 A complete hard drive back up tool.

4.  So, what will your business do? ; Think what problem/s you
are planning to address and solve?, how many others are
providing this product or service?, what is your
differentiator?, what are your procedures to make this
differentiator be consistent?, how do you plan to build the
relationships with the Core Area’s in the your business?,
what is your costs in running this business?, what is your
breakeven? finally if you don’t sign-up a single client how
much capital have you got with you that will sustain you for
what length of time?.
 Do a SWOT by You, Your Business, Clients View
 Strengths, Weaknesses, Opportunities, Threats
 Register the Business Name or obtain an Australian
Company Number (Pty Ltd – AUS, LLC-US)
Entrepreneurs Initial Check List
Reality check

5.  Domain Name
 Hosting
 Website or a Landing page
 Business Cards
 Professional phone answering service
 Online CRM Platform with email marketing integration
Entrepreneurs Initial Check List
Marketing Stuff

6.  Banking facility with a credit card portal
 1st Account for Day to Day Transactions
 2nd Account for Compliance Payments
 Online Accounting system
 Hire a Book-keeper
 Work with your Accountant (They know the best)
Entrepreneurs Initial Check List
Smart Compliance

7.  Develop a daily routine for;
 Thinking, business building activities, business
networking, quote preparation, accounts, review time,
time to exercise and most importantly time for reward.
 If you don’t have your time allocated to a default dairy
then it will get consumed with activities and end of the
week you will think “All effort with no real results” what
the @#%& did I accomplish this week?
 Network
 Finally, tell all your friends and associates by email that you
are in business and to keep you in mind if they have a
need in your space.
Entrepreneurs Initial Check List
The Smart Stuff

8. Always remember that you are a
gladiator!!! because you are the few
who stopped procrastinating and
started a business and go out every
day knowing that every call you make
is not going to be a successful one,
but you believe with the knowledge
you have you will be engaged the
next time!

9. "Meaning of life is to find your gift, The work of life is to develop it, The
purpose of life is to give it away"
Pablo Picasso
This slide deck is dedicated to all my friends who believe in my dream that
tomorrow is always a better day, without your constant encouragement I
would not have got this far, Thank you!
Shamal Tennakoon B Com, MBA, SCRUM Master, FAMI
Is an experienced business consultant with over 27 years of working with Corporate
and Small Business Owners to his credit.
Area’s of experience include building and selling business, Lead Generation, IT
Solutions, Business Planning, Business Process Work, Project Management, Online
asset development etc. Supported with a B Com, MBA and is a Fellow member of the
Australian Marketing Institute, Member of the Australian Computer Society and a
Certified SCRUM Master.
If you like to contact Shamal, connect on LinkedIn.
Image Source : Google Images, Thank you!