There is no start time for when we begin to scan for a new potential 100-bagger. Remember, the rules say that we purchase 1-5 stocks per year. So with that in mind, we begin scanning when funds are available ($1000 - $5000). We stop if 5 stocks have been purchased, and begin again the next year.

1.) Search recently IPO'd companies using any list from a Google search.
www.iposcoop.com is what we currently use.
See the Run Way for more.

2.) Ensure the company has a "Founder" listed as top management.
This is the concept of "Owner/Operator" in which top management created the company, owns a large amount of shares in the company, and may even run the company.
See the Owner/Operator for more.

3.) Ensure the corporate Headquarters is not located in a location that is "in vogue."
Basically no NYC, Chicago, L.A. or London.

4.) Ensure we can reasonably understand what the company does.
Use whatever resources needed, such as the company website and presentations.

5.) Infer that there is big potential for the company in the distant future.
Use whatever resources needed, such as 10k's, news articles, and uncommon sense.