Are you about to secure funding, but the investors require Board Observer Rights before providing investment? Here is what you need to know before signing that contract.
How to Build a Winning Team
How to Create a Strategy, Vision and Mission
How to Create an Advisory Board
How to Get Funding
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How to Improve Your Pitch
How to Start Your Company
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Launching a startup is no easy feat. You will face challenges, your team will encounter stressful situations, and you might begin to question if your startup can succeed. Understanding these startup risks from the beginning will increase your company’s chances of success.
While there is no formalized list of “Thou Shall Not” items for start-ups seeking funding similar to the Ten Commandments, if there were, Thou Shall Not encumber your balance sheet with debt, would certainly make the list.
Although I have more than 25 years of experience working with business, entrepreneurial and technical personnel, I continue to experience unfamiliar acronyms. As a result, I decided to create a quick reference list summarizing acronyms utilized in the startup and entrepreneurial community.
There are many ways for a startup to fail. Some factors, like regulatory changes or input cost increases, are beyond the founder’s control. However, there are three significant actions that entrepreneurs are often guilty of that can kill your company as fast as anything.
Experienced entrepreneurs know that they are preparing for the investors due diligence from the very beginning. They establish a process that supports the development and growth of their investable company. In order to begin that process, you must know what the investors will request and why they are requesting it.
The curse of the entrepreneur: you have this great idea and it looks like it will do really well. The problem? You lack the capital and the skill to build it. What’s the solution? Giving Away Startup Ownership.
The advice, counsel and support of an advisory board is required to accomplish substantive objectives of a scaling startup.
Every business fluctuates through good and bad periods, but when should you signal an SOS? Understanding the characteristics of a failing company could save your business from sinking.
After twenty-five years as an entrepreneur, the most common misunderstanding is the difference between “lifestyle” and “scalable” businesses.