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Most people start their first company while they still have a day job. It makes sense: You don’t need loans. You don’t need funding. And if you “fail,” all you’ve lost is time.
But you’ve also placed yourself in a hazardous – potentially legally ambiguous – situation. If managed improperly, you’re unnecessarily risking lawsuits and worse.
Even if you're the CEO, building enthusiasm among your troops for a new product idea can be tricky. What's the secret to success? Show them how it can actually become their idea. This article provides three real-life examples of how this approach works.
This entrepreneur and strategic coach presents two case studies, from her entrepreneur client base, which approach compensating "A" players in very different ways. Both had the same goal though--keep them on the team.
Success takes more than a compelling vision. As the leader of your company, you need to be able to implement your vision--train, prepare, and equip your team to live according to it.
Serial entrepreneur Will Herman shares 11 best practices for working effectively with a Board of Directors, including determining support, maintaining focus and direction, communication tactics, incorporating the management team, and presentations.
While confusing to investors, mixing financial investments with philanthropic giving is a concept that is gaining ground. Good Capital is one organization collecting a portfolio of social enterprises and provides funding for their "social good" along with cash returns to their investors.
Bringing new board members into your company can be complicated. Brad Feld provides some best practices for managing this complex process, including: recruiting, analyzing current board composition, and establishing selection criteria.
Mentoring is a valuable developmental process that generates relationships of trust, growth, and more focused performance. Brad Feld reflects on the mentoring relationships that have helped him to shape his professional career and the success of his ventures.
Jeff Smith's trip to Honduras has evolved into a model that encourages aspiring entrepreneurs and helps struggling communities in the process. Smith received the Kauffman Community Award in honor of his accomplishments at a special presentation at the 2006 EO Chicago University.
Marcia Mellitz, president of a St. Louis-based technology business incubator, recounts the roller coaster tale of two entrepreneurs who ride the wave of startup, failure, and ultimately success.
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