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10 Startup Shortcuts That Will Be Back To Haunt You

Gust

Some entrepreneurs can’t decide if they want to be a Limited Liability Corporation (LLC) or a C-corporation, or they don’t have the money, so they put off doing anything until the first venture capital round, or until the first lawsuit occurs. Some executives think they can mix business with pleasure, with inter-office relationships.

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How to Work with Lawyers at a Startup

Both Sides of the Table

I know that people have an allergy to lawyers out of fear of being screwed. If you’re a startup and you don’t have a close relationship with a few law firms you’re really missing one of the most important relationships that any entrepreneur can have. Much of this is unfounded – some is not.

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Why Startups Fail: A Harvard Business School Professor’s Letter to a First-Time Founder

StartupNation

Used by permission of Currency, an imprint of Random House, a division of Penguin Random House LLC. But before you can tackle them, you’ve got to run the early-stage gauntlet. Products have glitches or are delayed. Prospective customers, investors, and employees repeatedly say “No, thanks!” All rights reserved.

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Small Business Management: Delegation is a Balance between Oversight and Independence

American Entrepreneurship

However, not all founders have prior or sufficient managerial business experience before starting a business. The lack of well-honed managerial skills may slow reaching company goals to grow—at a critical time when it needs to become a multiple-employee company. This not only wastes time but may lead to costly errors.

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What I’ve Learned From 20 Years as an EO Member

Entrepreneurs' Organization

When I am asked what my greatest lessons learned have been over my 20-year EO career, I always respond with the same answer: Listen with the intent to understand, not reply (thanks, Stephen Covey!). Have self-confidence and self-awareness. I thought I was supposed to have all the answers so, when questioned, I got defensive.

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How Mentorship Gives Entrepreneurs a Competitive Edge

Smart Hustle Magazine

Even before The Great Resignation, an estimated 33 percent of new hires quit within the first three months, costing businesses one-half to two times each employee’s annual salary to replace them. The message is clear: a revolving door of employees adds up to big losses in time, money and talent. million quitting last November.

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6 Step Checklist to Structure Your Business

StartupNation

You’ve decided what your new company is going to do and have formulated your overall strategy. You want to have a unique name that consumers will remember. Your business does not have to share a name with your product and can be an umbrella name for your company. For most states, you can do this online.

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