Founder contributions are critical to entrepreneurial startups. There are three major contributions that founders provide to startup businesses: Money, Commitment, and Effort
Topic: How to Build a Winning Team
How to Build a Winning Team
How to Create a Strategy, Vision and Mission
How to Create an Advisory Board
How to Get Funding
How to Improve Your Company
How to Improve Your Pitch
How to Start Your Company
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Every company is composed of individuals with different skill sets and has different roles that must be filled in order to succeed.
If you can’t feed a team with two pizzas, then the team is too large. – Jeff Bezos. Investors want to invest in people more than products, because people make products.
Many founders don’t consider this one until it’s too late. The excitement and adrenaline of getting started leads to a “kumbaya atmosphere” where all things are equal. This spills over into salaries. Sooner or later, the amount of time, effort and energy expended by the partners is no longer equal, but their salaries are. Tensions begin to rise.
The increasing importance of the Millennial or Gen-Y Generation, those born between early 1980s and the early 2000s, presents the most significant shift in focus for businesses. This up and coming group may present some unique challenges to new business owners, particularly those from an older generation.
How to protect yourself and your business startup when the partnership falls apart.
Entrepreneurs tend to be arrogant. This sounds rather like a criticism. It is more a statement of fact and a caution.
Carefully consider this lesson from Apple when preparing for your next investor pitch. Even the great ones can screw this one up, case-in-point: Apple, Inc.