Some questions you'll want to answer before moving ahead: How strongly do you believe this idea can become a successful product? Why do you think they approached you? How comfortable do you feel running a company owned by someone else? What happened in your previous CEO role? What confidence...
Simple question: Simple answer. Yes.
There are a lot of things to keep in mind that would make this answer REALLY long. But, one of the most important is simply to remember your audience. As educators, we tend to get caught up in scholarly jargon and forget the simplicity that we need to reach our audience sometimes. Also, be spe...
Hi, my name is Kruno, I had several startups and several partners in them. First of all, you should know how much money founders invested in the startup, and then how much money you need to bring inside of the company and in which period. Second, if this idea is a long shot and "maybe" can be the...
Evaluating a prospective investment requires getting to know a company over time. There are four main stages of evaluation: a) The “first read” (which can be an instant reaction to determine whether the deal matches the firm’s strategy), b) The first meeting (in which the team can be evaluate...
Sure, it's always good to do SWOT at any point of time in business. It gives you a perspective on what's going right and what might go wrong. Critical it is to undertaking enhancements in your business and marketing strategy. It can also drive you towards innovation. Go ahead and do that!
Companies that will have the resources to setup and manage a large aggregated program will most likely be large public companies whose existence as a company won't go out of business and their points are trusted to be usable. A place where you can buy from one entity and use among many entities:...
Lawtrades.com and Legalhero.com are great resources for entrepreneurs seeking legal counsel.
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Hi Great question. The real answer (that not many people are willing to say), is this: you go outside, raise your thump towards the sky, imagine a nice number, and that's the valuation. It's called the thumb valuation. But seriously, there is no "official" accounting method to evaluate a startu...