foundermindset

Jun 20, 2025

The Checklist Every Founder Wishes They Had from Day One

Avoid costly mistakes by setting up your startup right. Here’s the checklist founders wish they had when they started.

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The Checklist Every Founder Wishes They Had from Day One

Why a Checklist Matters Early

When you start a company, no one hands you a playbook. Most founders rely on instinct, hustle, and quick fixes until they hit a wall. That’s when they realise that many problems could have been avoided with a few structured steps taken earlier. The right checklist won’t remove every challenge, but it will keep you from making the mistakes that are hardest to undo.

The Founder's Early Checklist

Here’s what experienced founders wish they had done from the start:

  • Incorporate the company correctly, with the right structure for your goals

  • Align with co-founders on roles, equity, and the definition of success.

  • Separate personal and business finances.

  • Set up a cap table tracker

  • Decide early how you will pay yourself to avoid confusion later.

  • Maintain a compliance calendar so you know what needs to be done and when.

  • Understand agreements before you sign—legal clarity is as important as product clarity.

  • Budget, track burn, and always know your runway.

  • Build simple systems for tracking critical metrics.

  • Let your numbers tell the story—not just your pitch deck.

Why This Isn’t Urgent—Until It Is

Most of these steps don’t feel urgent in the early days, which is exactly why they get overlooked. Unfortunately, they tend to become critical at the worst possible time, when you are fundraising, undergoing due diligence, or facing compliance deadlines.

The Takeaway

Start strong, even if it feels slow. A little structure early on can save you from costly fixes later and will position you to move faster when opportunities arrive.

Review this checklist today and tick off at least one item you have been postponing. The earlier you start, the less you will have to repair later.