Remove event time
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Wow! Are your relationships important!

Berkonomics

Forming business relationships at the highest level As you follow these insights from ignition to liquidity event, you’ll detect a continuing theme, emphasizing the need for deep and wide relationships that the CEO and senior staff can call upon for advice and guidance. How much time do you devote to each type of activity?

Class 194
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Have you heard the rule of the thirds?

Berkonomics

The reward for the entrepreneur, after years of effort, time and sacrifice, is measured by what portion of the total pie s/he retains at exit, how much the person continues to participate through that time, and how many other resources are brought in to get to that point. Dividing equity among those that fill the management gap.

Startup 240
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What do you give up when you take outside investors?

Berkonomics

Resetting your priorities Taking money from these sources involves resetting priorities over time. We know why investors “join” your company… So be aware that professional investors are in your company for the eventual large profits at the liquidity event. There is no middle ground. The newest investor has the power.

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Are you or your business “time bankrupt?”

Berkonomics

Time bankruptcy results from the deliberate over-commitment of core resources. I created the term “time bankruptcy” almost thirty years ago when the computer software business was young, and I was a software developer building a young company based upon quality first. It’s a classic case of time bankruptcy. Time bankruptcy.

Resource 156
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If you must lease an office, make it a short one!

Berkonomics

The most difficult thing to deal with in any of these events – now or future – is the office lease. Those benefits pale in comparison to the high cost of retaining or buying out a longer-term lease when growing or reducing in size or misjudging number of at-the-office employees – which is most of the time for early-stage companies.

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Nothing good happens after midnight!

Berkonomics

Think of our midnights: time and money. Time management: [Email readers, continue here…] Companies have gone out of business from a lack of time management, especially when additional capital is not available when most needed. Time management is a critical element in an early-stage business for this reason.

Coach 156
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Feet First Entertainment Launches New Virtual Event For Remote Employees

socalTECH

Culver City-based Feet First Events , which runs corporate team building events, says it has launched a new "virtual game" aimed at helping businesses adapt their teams to working remotely. The event incorporates mastering skills needed to work on web-conferencing, including screen-sharing, file transfer, and using whiteboards.