The process from Concept to Startup is not as confusing as you may think!

Entrepreneurs are born hundreds of times across America every year. People start businesses with high hopes and expectations. Launchopedia is here to help guide the generations of the present and the future.

There are dozens of factors that influence the trajectory of a startup company. Many things that can kill your operation; for example, high cost of goods, the inability to find qualified employees or simply poor management. However, there are only 3 things that can make your company a success.

The reality of life when it comes to business partnerships, and what’s at stake if your key man is removed from the company.

A Patent is a set of exclusive rights granted by the US Patent and Trademark Office (USPTO) or another internationally recognized organization to an inventor or assignee for an invention, product or process that provides a solution to a specific technological problem.

At its core, entrepreneurship is about the monetization of an idea. That idea emanates from the process of identifying a problem that someone or some business faces and finding a solution. That idea is the very heart and soul of your start-up.

A series LLC is a unique form of limited liability company (“LLC”) in which the articles of formation specifically allow for unlimited segregation of membership interests, assets, and operations into independent ‘‘Protected Series’’

Should you quit now because you’re wasting your time? If you look at many of the giant tech “unicorns” —private companies with over $1 billion valuation — and the major players in the public markets such as Apple, Microsoft, IBM, Google, and Amazon, you will find that the founders were often software or electrical engineers.

Starting a scalable company is a daunting task. This will challenge even the most experienced management team. The team’s success requires a complete understanding of the issues and risks it faces in its quest to succeed.

Like a master chef preparing a sumptuous feast, every entrepreneur needs to know the right “ingredients” to make his or her business turn out just right.  Here are the 8 ingredients for a business secret sauce: