If there is one thing coaches love, it’s clichés. There is practically a book of coaching catchphrases that every coach and manager breaks out for pep talks. If you’ve played a sport, you’ve heard quite a few. However annoying these seemingly repetitive catchphrases are, there’s a method to the madness. The thing about clichés—what keeps them alive [...]
You’re up and running, but there are some key aspects of your business to keep in mind as you move through your first few years in business, in order to lock down your long-term success.
The world continues to turn, many new opportunities lie ahead, and now is the perfect time to fulfill dreams of taking charge of your future. 2013 is the year to kick business planning into high gear and start your own company. More opportunities than ever exist for innovative entrepreneurs to offer specialized services and products [...]
Since start-up funding and growth financing for small- and medium-sized businesses has been in such short supply these past couple years, I thought posting about this CNNMoney.com / Fortune Small Business article on finding novel local investment would be a welcome change. The article, originally published earlier in September, is about owners of several types [...]
Startups can be so incredibly different, one from the other, but unfortunately we talk about them as if they’re all just startups. It’s night and day, or apples and oranges. One person sets up a blog or a web page offering services, such as graphics, consulting or planning, and the business is born, voila! Another person gets [...]
It’s exactly one year later. That’s just a coincidence, but still, a good lead. Today marks the first official day of the new launch of a new line of business, exactly one year after a new, much younger management team took over. This post is a special pleasure for me. I’ve posted a lot on [...]
Question: How do I value a new company that is less than a year old (does not have financial records or earning trends) for the purpose of valuing the shares of proposed new investors in the company? Answer: Valuation in these cases is mainly a matter of negotiation. Your company is valued at the value [...]
Whoops, I’m sorry. I linked to the first of this series when it came out, but I was caught in a holiday mood on Dec. 19 when the second one was published. This is a series by Brent Bowers in The New York Times looking at three startups, first now and then six months later. [...]