1. Define the component's props using `defineProps` with TypeScript types.
2. Define the component's emitted events using `defineEmits`.
3. Define reactive data using `ref` or `reactive`.
4. Create computed properties using `computed`.
5. Set up watchers using `watch` or `watchEffect`.
6. Use lifecycle hooks like `onMounted` or `onUpdated` as needed.
7. Implement the component's template with data bindings and event handlers.