The amount of money a startup needs at any one time will vary depending on how fast you want to get into the market and the specific needs of the business. As a founder, you'll need to do detailed planning to know how much startup capital you'll need. Here's a way to think about it.
Startups should think through and get advice about their legal and business structure early. Legal structures for startups provide levels of protection, tax benefits, and a method for sharing ownership among the founders and investors that don’t exist outside a legal umbrella. Getting this right at the beginning will save loads of time later and just isn't that hard to take care of.
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While launching is an startup achievement by itself, keeping it afloat is a different story altogether. Many things can go wrong in the course of running a startup. Even if your products and services are a hit, other factors can still cause your company to fail.
There are many sacrifices that founders make when creating and building startups. Some are obvious, like time and money, but others are more difficult to see before they actually happen. Chief among these founder sacrifices - relationships. The time and energy invested in startups can eat away at personal relationships in an insidious way. Founders need to do what they can to try and maintain their important relationships and try to balance them with the effort required to make the startup successful.
In The Startup Playbook we have an entire section covering the traits and characteristics of successful founders. In it, we include a discussion of whether being an extrovert is a required startup trait. Hint: contrary to what the press and
The conventional wisdom in the startup community these days is that to create a successful startup, you need to move at breakneck speed in everything you do. And, to facilitate this, you should consume as much money as you can
We’ve talked about a number of the sacrifices that founders make when starting a business. You’ll likely earn a lot less money than you can elsewhere. And, you’ll have a lot less time for other activities. You’ll also probably negatively
Yesterday, the Dow Jones lost 459 points and the S&P 500 declined by almost 2.25%. Spotify went public in one of the strangest offerings of all time and reports about “The Trump Slump” battered the news wire. Yahoo! Finance covered
The Hollywood version of startups often involves some divine inspiration by the company founders. It’s usually a flash of brilliance and recognition that becomes the basis for their entrepreneurial venture. But, it’s not always that way and, in fact, we’d
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