Hire your first employee slowly, but when things don’t work out, fire them fast. History suggests that this is a sound strategy. However, the question remains, when should you hire your first employee? When Should You Hire Your First Employee, And What Position Should You Fill First? Lies About Hiring…
A Startup Investor Report is an essential and expected part of operating a business when you start a business where there are other investors and shareholders besides yourself. Get Your Startup Investor Report Right – And Your Team Will Be Tight Investor reports are vital for any startup business. It’s…
Startup Co-Founders can be either a blessing or a curse. If you are contemplating starting your own business, you should understand the pros and cons of being the sole founder or doing it with one or more co-founders. Why Do You Need Startup Co-Founders? What Are Complimentary Skill Sets? One…
Use an Employment Agreement Template to build a strong legal and HR foundation for your startup from day one. Failure to do so might result in your startup incurring thousands, or tens of thousands of dollars to correct those early mistakes or deficiencies. Venture Capital investors will not invest in…
Startup vs Small Business. Are they the same? The short answer is – no. To be a Startup, the Founder has to commit to, and the business model has to enable, a rapid scaling/growth model that ideally culminates in at least a US 1 Billion company valuation followed by an…
Is A Product vs Service Business The Right Choice For You? At the most basic level, a service-based product is one through which you can make money by packaging your skill or knowledge into defined offerings that you sell to one or more target groups of consumers. A product-based business…
Startup Financial Model building is a pain. Let’s be honest. Unless you are the Goddess of Excel, Leila Gharani. It’s not just a problem of building up the model. The main issue is knowing what information to put into it. What Is A Startup Financial Model And What Is It…
Startup Mentors can be the difference between a Startup succeeding or failing. Why then do so many Founders get this wrong? Investors as Startup Mentors One of the very best places to find mentors is within the ranks of investors who have already invested in you and your company. There…
There comes a time in the life of any small-business owner when he or she poses the question: Can I use credit in a smarter way without getting my self into too much debt? The basic answer to that is: Yes, by getting a business credit card. The do’s and…
If you want to increase your chance of getting money from an investor, study their due diligence checklist and prepare a due diligence data room properly. If you don’t intend to grow your startup into an 8 or 9-figure company, you can save time. This post is not for you.…