You should probably decide early on whether it's a lifestyle business (steady $40k per month) or a VC backed business ($100M+ valuation). VCs won't back lifestyle businesses, but they can be life-changing. On the other hand, lifestyle businesses are actually harder, but in different ways, e.g. you can get disrupted by Google or a VC backed company 20 years later.
Don't spend too much focus on incorporating and lawyers and all that. It's probably worth paying well enough to trust someone to handle it. Some of my biggest regrets are spending days handling my own accounting and logo design. Even a mediocre lawyer probably knows better than you.
Try your hand at applying for accelerators. The good ones are easy to apply to and the process forces you to analyze your company.
You should also get a cofounder if you don't already have one. This could be a spouse or early employee. The standard is 4 year vested equity.
You should probably decide early on whether it's a lifestyle business (steady $40k per month) or a VC backed business ($100M+ valuation). VCs won't back lifestyle businesses, but they can be life-changing. On the other hand, lifestyle businesses are actually harder, but in different ways, e.g. you can get disrupted by Google or a VC backed company 20 years later.
Don't spend too much focus on incorporating and lawyers and all that. It's probably worth paying well enough to trust someone to handle it. Some of my biggest regrets are spending days handling my own accounting and logo design. Even a mediocre lawyer probably knows better than you.
Try your hand at applying for accelerators. The good ones are easy to apply to and the process forces you to analyze your company.
You should also get a cofounder if you don't already have one. This could be a spouse or early employee. The standard is 4 year vested equity.