Debt, Equity and Control…Term Sheet Caution
This is an extension of my post last week… Many investors, eager to get started and get their company moving, will agree to terms that are not good business in the long run. It is understandable, and I have a client and friend that is fond of saying “we hope that is a problem” because if […]
The three musketeers is best for co-founders…
Anyone starting a business with someone else will eventually have to tackle relative ownership and compensation questions. For some founders the answers are simple, but for most it is a sticky issue that creates a lot of stress and runs the risk of ruining both friendships and the business.
Just Do It….
Nike has made the phrase “Just Do It” famous. They started with the sports arena and now it is a part of the American English lexicon. It applies to business as well.
Niche, Dominate and Repeat
One of my favorite phrases about successful startups came from a conversation with Jonathan Sides, former Daxko VP of Finance (now CFO with Fleetio), several years ago when he told me a bit about the Daxko story. He summarized their business strategy as “niche, dominate and repeat.”
BONUS E-Book: “Pricing Strategies…the Number Don’t Lie”
Excerpt: “So here’s rule number one. If you have a great premium product, don’t be afraid to bump the price up. You do not by any means have to beat a competitors price to be competitive, in fact, by putting your price up, it’s quite possible that you’ll outsell your cheaper competition. Why? Simple. Because […]
