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Entrepreneurs: Employment law is not on your side!

Berkonomics

Email readers, continue here…] Notice that every poster that is required to be displayed in a company public area (usually the lunch room) is posted for the benefit of the employee to inform him or her of rights granted by law. Encourage reviewers to be accurate, not just polite, in documenting areas of concern.

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Need money? Read this!

Berkonomics

Friends, family and fools: [Email readers, continue here…] This term, although pejorative, describes the typical mix of early investors in a small, young growing business. And even with the significant cost of credit card debt, many entrepreneurs aggressively use existing cards to finance a startup.

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Are you at risk for tech killing your job?

Berkonomics

And the prime motivators of this massive destruction are the same class of entrepreneurs and innovators that have done it before. Email readers, continue here…] By 2024, at least ninety percent of the global population will have regular Internet access. Thought so. Consider the numbers.

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Can you guess 10 tests for your success?

Berkonomics

Email readers, continue here…] Have you created high barriers to entry? Do you have a world-class management team? Building a great business to create wealth for the entrepreneur at exit, means thinking of the exit strategies from the beginning. Who or what type of buyer would be attracted to this business if successful?

Patents 286
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Have you heard the rule of the thirds?

Berkonomics

Think of startups and early stage businesses whose entrepreneurs you know. We should think of the creation and growth of a high valued company as the sum of three parts, with three distinct classes of participants helping to make real value out of a raw start-up. One: The entrepreneur. Two: Co-management.

Startup 240
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Is it your brilliant plan or your execution?

Berkonomics

Investors have to look behind the plan and at the entrepreneur and his or her team, knowing that, over time, most of us have come to the conclusion that it is the execution of the ever-changing plan, not the plan itself that makes a company a success. Anyone can build a good – or great – plan. A personal story of a pivot – Tyson style.

Summary 156
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When to pivot from your original plan?

Berkonomics

My favorite example of a world class pivot comes from the CEO and board of one of my most successful investments. Green Dot Corporation was formed by an entrepreneur in the year 2001 to create a product to permit those without credit cards to purchase items on the Internet. My story of a great pivot.

Resource 156