A simple business plan template to follow is to develop a “sniff test.” Hold up the fish (project) – if it doesn’t smell right, throw it away. This is simply a short-hand way to tell if a project is worth a more detailed look.

The goal of many startup companies is to become a scalable business. Unfortunately, there is some confusion about what it really means to scale up.

A big company bench can allow you to scale rapidly, but excess payroll costs can also drag you down…fast. On the other hand, you can’t be too timid or slow, the market waits for no person. So how do you handle this dilemma?

1. Growing old while building a startup company will mature both you and the business.

A principal goal in the life of a scalable startup company is getting external equity funding. The closing of a funding round is cause for celebration. However, founders are often left with a somewhat bitter-sweet taste when they realize what just happened.

Customer Discovery is not a static operation. It is a continuous flow. The more you know about who will use your product, the greater the likelihood of success.

Efficiency, the ability to accomplish a job with a minimum expenditure of time and effort, is one of the most important ingredients to business success. Startup companies must be ruthless in this pursuit.

A series LLC is a unique form of limited liability company (“LLC”) in which the articles of formation specifically allow for unlimited segregation of membership interests, assets, and operations into independent ‘‘Protected Series’’

If you’re looking to gain anything over 25$, you’re going to be asked where the money is going. This fact can be applied towards family and friends, but especially if you are asking for a loan from a bank.

The military has developed a procedure for developing a plan, analyzing it and making a decision- the MET-T analysis is an effective, efficient way to evaluate your business and accomplish objectives.