For Women SANE Enough to Start Their Business
I meet regularly with people who want to start businesses. So, I hear a lot of a new business ideas. Some are great…and some are just okay. But, when I look at who actually launches the business, it’s not always the person with the best idea. It’s the person who actually did something. Who moved [...]
So, in my last post, I suggested that the traditional business plan might not be the most useful document. Ok, actually, I torpedoed the traditional business plan. BUT, as I said then, I do believe that every entrepreneur should plan their business. So, if the traditional, 50 page plan is a waste of time, what [...]
It’s not that I don’t believe in planning. I do. But I don’t believe in business plans. At least not the ones people traditionally spend an inordinate amount of time creating—instead of launching their business. But, conventional business wisdom clearly disagrees with me. In fact, conventional wisdom says that if you don’t write a business [...]
I’m sure that many of you who have read the previous four legal mistakes in this series are confidently (maybe even smugly?) sitting back saying to yourselves that you’ve never made the mistakes dealing with written agreements because you always use contracts…for vendors, clients, partners. You name it. You’ve got a contract. But, I’m still [...]
Speaking of partnerships, why do entrepreneurs insist on taking on partners without a written agreement? For the life of me, I can’t figure that one out. While there are many important provisions in a partnership (or operating or shareholder) agreement, one of the key provisions is what to do when one party wants out. More [...]
What is the only ship that won’t sail? A partnerSHIP. Yes, it’s a bad joke, but the point is well-taken nonetheless. Partnerships can be minefields to navigate. And despite all the benefits of going into business with someone else, the truth is, there are some serious downsides. One way to protect yourself is to avoid [...]
In the last post, we talked mistakes entrepreneurs make in selecting entities. Now what? You know the old saying: “An ounce of prevention is worth a pound of cure”. But, when it comes to legal matters, a lot of entrepreneurs seem to think no prevention or cure is necessary, attorneys are definitely unnecessary and that [...]
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