I am amazed at the number of privately held business partnerships that do not have a formal buy-sell agreement in place. This one is absolutely essential. When forming your business, you chose your partner; make sure you have some rights when it comes to who your partner will be as time goes on too.
Posts By: Matthew Cleek
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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.
noun: value in a property, business, etc., that results from the work that a person does to improve it;
also : the work itself”
How to protect yourself and your business startup when the partnership falls apart.
As Angels and VCs are tightening their fists, entrepreneurs are less likely to get next stage funding. Having a great team, pitch and front man are simply not enough.
You can be a successful entrepreneur. You’ve just graduated and are ready to put all of that knowledge and energy to use. Admittedly, a great deal of your practical knowledge was picked up outside the classroom – like the time you broke into the Dean’s office with.. how long ago was that? Nevermind, the statute of limitations hasn’t passed.
Why are your top performers starting to leave? Do NOT read this article if you are building a commodity based business. If, however, you are establishing a dynamic, visionary organization…
“We filter out half of these qualified interviewees in the first minute.”
Even the great ones can screw this one up, case-in-point: Apple, Inc. Consider this lesson when preparing for your next investor pitch.
How to kill a mockingbird? The best way to kill a mockingbird is to keep your sights set on the goals and dreams that drove you to create your startup. The fact that your company’s mockingbird exists at all is proof that you are onto something.