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Photo by Denny Müller on UnsplashThe best time to start thinking about your company’s exit is at the beginning. There are several reasons for this, the most important of which is positioning your company to be able to find funding when it needs it. Many new founders think they can just wait to see how things go; they will consider an exit when the opportunity arises. If your startup plans to raise money in the
Is your startup sitting on a legal landmine? Entrepreneurs have their hands full trying to get their companies off the ground. With endless demands and “to dos” and limited time, legal matters often get moved to the “when I get to it” list. Legal services are expensive, and finding an attorney takes time. Finding the right attorney for your company, rather than just any attorney, is important, but the need to invest time and resources
Conventional wisdom says that you can’t improve what you can’t measure. Many startup founders take this wisdom to heart, and they try to measure as many metrics as they can.  Financial metrics help a startup analyze its business model to determine when to double down, when to hold, and when to fold. The principal job of a startup is to grow and scale. Without improvement and growth, startups fail – and they do so at
Almost every entrepreneur will wrestle early-on with a non-disclosure agreement. Sometimes, it is the entrepreneur herself or himself wielding the NDA; sometimes, it will be a potential business partner or supplier. New entrepreneurs just making their first foray into business sometimes seize on NDAs as the attainment of something desirable – as though having an NDA validates their business idea or product, showing that the entrepreneur actually has something to protect. This idea may miss
Data shows that startups founded by solo entrepreneurs are more successful that those founded by entrepreneurs with one or more partners. So says an April 30, 2019 article in Inc. written by Minda Zetlin. Ms. Zetlin’s article surveys research conducted by Jason Greenberg of NYU and Ethan Mollick of the Wharton School that looked at 3,526 startup companies. The researchers found that companies with solo founders were more likely to remain in business than those