Stephanie Vozza has spoken of the six lessons gleaned from entrepreneurs’ experience (Fast Company). It was illuminating to evaluate how our startup company (FundingSage) and its founders dealt with these business improvement issues.

Board resolutions are numerous issues to address as one creates and establishes a new company.

There are two key factors to consider in order to be great startup advice from outside experts: Pick the right team, and always know what you want before you ask.

Advisory Board compensation is an important consideration. How much is right? Does this change over time? Is there a vesting period?

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.

Starting a scalable company is a daunting task. This will challenge even the most experienced management team. The team’s success requires a complete understanding of the issues and risks it faces in its quest to succeed.

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?

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?

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.

Some entrepreneurs fail to leverage the knowledge and experiences of others by failing to create advisory boards. These boards are a critical component required to scale strong entrepreneurial opportunities.