If you want to start a company, make sure you have a product or service to sell first. If the endeavor involves other people, you’ll want to incorporate with a structure that protects you and your partners, especially if one of your friends is clueless or litigious. Litigious is a French word meaning Asshole.
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The Two Most Important Questions to Ask Yourself in a Startup
The questions are simple, yet without them, it could mean the difference between success and failure in your startup (and also your life).
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Things That Suck in Startups
When you’re first beginning, it’s important to understand the things that suck in startups along with the things that don’t. This can help you make better decisions from the beginning and not waste time, effort, or money:
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So, how can you attract (good) investors?
Do you know how to attract investors for your startup? What are the key things that startup (quality) investors are really looking for, above all else? In this quick, but useful video, I talk about the best ways to attract investors for your startup:
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Who NOT to Trust When it Comes to Investors
One of the most important steps you can take in your startup journey is to find investors. But you have to be careful, you shouldn’t blindly follow just anyone. My video talks about investor vultures to avoid:
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Co-founders. Why do you need them and how can you find a great one?
When you have a co-founder, you’re 3x more likely to scale in your startup and not need venture capital.
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The 10 Biggest Mistakes Made by Startup Founders
These are the top 10 things that newly-funded founders do that make them look like complete knuckleheads. You can watch the full video here:
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What is a startup?
A startup is a new company, usually less than three years old. It can have anywhere from $500 personal cash to $1.5MM of venture capital in the bank. Startups are unforgiving beasts. They’ll eat you alive if you let them, but they can also fund your retirement and yield you enough cash to buy three houses.
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