I want to have an article out there that covers the basic formula for starting a startup in a point form manner so that later on I can expand on each idea with help from the community.
Could you take a look at this and add any comments that you think could help others navigate their startup to profitability?
I agree with Steven. If business were a formula, everyone would operate one and be financially successful. You will not succeed in simplifying the process to a bullet pointed list. There are literally hundreds of books that walk through the things that a business owner must consider, however, every enterprise requires its own set of research and testing, and has variables unique to its timing, idea, talent, location, and contributors.
Business does not occur in a vacuum, meaning you can't push xy + xy and expect it to always equal 2xy. There are no identical resources (x), no identical conditions (y), so you will not get formulaic results.
That said, every business must master the six basic business skills to succeed long-term. But these are skills, not static things, and the degree of mastery varies widely among the collection of employees you assemble to run the business.
If you're trying to advise people on how to start a "tech startup" you should point them to the Lean Startup material and only write your own if you think you can improve on Lean Startup.
That's not impossible. While Four Steps to the Epiphany and Startup Owner's Manual (and all the spinoffs going into more breadth or depth) are the gold standard for "tech startups" they aren't perfect and they can't cover everything.
For example, Lean Startup doesn't do a good job of contrasting its Venture Capital focused strategy against slower growth, bootstrapping by revenue strategies, nor against a portfolio of small projects strategies. Lean Startup also does a relatively poor job of helping solo entrepreneurs even if they want to try the VC strategy.
The book Start Small Stay Small is a good resource for technical solo entrepreneurs.
Another way you can improve on Lean Startup is to explain it in a unique voice that resonates with your audience when they don't connect with the source material.
You can also improve on Lean Startup by providing more and stronger tools, such as metaphors, templates, and litmus tests. Most people don't struggle to find advice, they struggle to apply advice.
Some stuff that I would like to see highlighted by newbie founder advice in no particular order
The map is unique for many start ups. That's part of the adventure.
However, the wrong execution is exasperating.
A founder can ask these two questions at every stage to help guide the way: