In terms of incorporating, it really depends on what you intend to do
and what sort of tax structure you want. If you know a tax or
corporate lawyer, talk to them. Or, you can read the legislation
online. Also, you may want to purchase a few books on raising
funding, writing a business plan, networking and marketing, finance,
etc. If your school has a business program, sit in on a few of their
classes. If you don't have any business experience, you're going to
have to do a lot of reading to make sure you do things the right way.
In terms of VC's, you can send them you're business plan out of the
blue, but it's likely to wind up in the trash. You really need an
introduction to a VC, someone you know who know's a VC, etc. From my
own experience, I've found business plan competitions to be a good
place to get exposure to VC's, so look into that.
On the other hand, venture capital may not be the best route for a
consulting firm. You're best bet is to bootstrap operations. Find a
few customers who need you're services, make contacts at these
companies (or find someone you know who knows someone at these
companies), send out mailers, get you're name out on the web, so that
when companies are looking for wireless data and IT consulting, they
see you're comany, and send you a Request for Proposal, in which you
write a proposal detailing what you can do for them. The goal is to
get your first customer, charge less than competitors (since you are
young, they'll need a good reason to pick you), get the money from
that project, and go from there. That's your best bet, going door to
door to different VC's is most likely a waste of time (for a
consulting firm). |
