How should I start a game development company?

I've been told that with enough money, I could invest in the formation of my own company. What I would want is to start a game-making company geared towards developing games for consoles rather than iPhones and PCs.

Added (1). What about from a money-related point of view?

Develop some games. Idiot

Do you a plan to compete with all the other gaming companies out there? Are you writing the games yourself? You have to have a plan.

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