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You are launching your startup! After reviewing the legal structures available, you decided on the LLC structure for your venture and have filed your Articles of Organization with the state. Now what?
To be an entrepreneur is to be challenged everyday. Often times, you will be pushed to your limits, but the payoff can be one of life’s greatest pleasures. To help you through the entrepreneurial journey, here are 10 quotes all entrepreneurs should live by.
Ultimately, the fit is as important to the advisory board candidate as it is to the entrepreneurs and the company. If it is learned that the fit doesn’t exist after the advisor has been on-boarded, it will likely turn out to be a waste of time for everyone.
You are going to fail! This is the dirty little truth about being an entrepreneur.
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.
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.
There is one key to ensuring your best chance at startup success: “Brutal Honesty.” Without that, you likely will not succeed.
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.
How do we get there? Remember that your organization’s vision is the destination.