There are many motives to start a business. In a market system at its simplest form, the purpose of a business is to make money. However, you must never forget your “raison d’être,” your company’s real reason for being.
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Business Tips: Newton’s 3 Laws at Work
We often think of business as a special function. In reality, it operates in much the same way normal things around us do. In fact, the concepts behind Newton’s Three Laws of Motion are as applicable to business tips as they are to physics.
Personnel and Organization: Chicken or the Egg?
Every company is composed of individuals with different skill sets and has different roles that must be filled in order to succeed.
Understanding Average and Marginal Cost is Key
Average and Marginal costs are both important concepts. However, pricing your product according to these costs mechanisms can lead to dramatically different results. Understanding what this means for your business is critical to your success.
6 Key Lessons for Business Improvement at Your Startup
Stephanie Vozza has spoken of the six lessons gleaned from entrepreneurs’ experience (Fast Company). It was illuminating to evaluate how our startup company (FundingSage) and its founders dealt with these business improvement issues.
8 Board Resolutions to Address While Establishing A Startup
Board resolutions are numerous issues to address as one creates and establishes a new company.
Two Key Factors in Getting Startup Advice from Professionals
There are two key factors to consider in order to be great startup advice from outside experts: Pick the right team, and always know what you want before you ask.
3 Considerations for Advisory Board Compensation
Advisory Board compensation is an important consideration. How much is right? Does this change over time? Is there a vesting period?
Partner Salary Agreement – 4 Questions to Mitigate Partnership Failure
Many founders don’t consider this one until it’s too late. The excitement and adrenaline of getting started leads to a “kumbaya atmosphere” where all things are equal. This spills over into salaries. Sooner or later, the amount of time, effort and energy expended by the partners is no longer equal, but their salaries are. Tensions begin to rise.
14 Startup Risks Entrepreneurs Should Consider When Launching their Startup
Starting a scalable company is a daunting task. This will challenge even the most experienced management team. The team’s success requires a complete understanding of the issues and risks it faces in its quest to succeed.