Every year around this time I look forward to Steve King’s small business trends for the next year.
Adi Bittan says every entrepreneur can learn from her first-business mistakes, and offers these tips to new founders considering a partnership.
A good partnership deal can take your business to the next level, and no business is too new or too small to start looking towards the future and considering potential partnerships.
You probably have an idealized image in your head of the type of like-minded individual you would like to launch your venture with, but as with a lot of aspects in life, things don’t always work out the way you planned. The stark reality is that you will most likely work your way through multiple business partners as you embark down your desired career path, which isn’t necessarily a bad thing. Due to the continued and rapid growth of the internet and social media, there are more ways than ever to find a partner who shares your goals and aspirations. Below we’ve collected some of the best ways to find your perfect business partner.
When the chemistry is just right, it’s true that going into business with others can be a blessing. But don’t think that’s the only way to do it. If you have the drive, you can succeed on your own, too.
So you want to go into business with someone. Good for you. Maybe your potential partner is a family member, long-time friend, investor or business associate. Whatever the relationship, the start of a partnership is much like the beginning of a romantic relationship. The parties are euphoric and it may seem as though nothing could [...]
I know I’ve said this before, but I just had a long talk with a brilliant young entrepreneur in a bad situation, and I want to say it again: Getting your new business financed is not necessarily a good thing. It’s not the obvious goal. Getting investment, by itself, is not a win. No. Investment [...]
Question There are two partners. One partner has invested a large amount of cash. The other has invested strictly time, which if fairly valued would also be a large amount of cash. Is it reasonable, or acceptable to indicate the value of time invested in the form of a cash value as a “Startup Expense” [...]
Here’s a case for discussion. You be the judge. Mary comes up with a great idea for an iPhone application. She works on it for three months in her spare time. She develops sketches and designs, trying to figure out how it would work. She looks at other iPhone applications doing related things. About three [...]
I’ve posted similar stuff on this blog before, but it’s always nice when you get it straight from The New York Times. I just read Financing, With Strings Attached on NYTimes.com. My favorite line–I heard it first from Portland, Ore., venture capitalist David Chen — which I use a lot is “choose an investor like you [...]