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Do you even need a business coach?

Berkonomics

Everyone, even seasoned CEO’s can use a good coach who knows how to bring out the best in a person, is knowledgeable about the business process, and who has an extended list of relationships to call upon to fill needs that become obvious in the coaching process. Business coaches come in all sizes and shapes.

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An experienced coach has seen your movie before.

Berkonomics

Business coaches come in all sizes and shapes. Photo courtesy IBM Business Coaching. But by far the best coaches are those that have lived through the process you’re going through and built successful enterprises in your same industry. There must be many more creative ways to pay a coach, especially for early stage businesses.

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When should you go for equity financing?

Berkonomics

Let’s take a few minutes to examine the kind of equity financing available to small or early stage businesses. In most cases, these applicants for equity funding must be rooted in technology to apply to this limited discussion. We’ll call these “inside angels.” Angel investment groups or funds.

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An experienced coach has seen your movie before.

Berkonomics

Business coaches come in all sizes and shapes. Another is through industry associations or civic groups such as Rotary or Lions Club. If you take smart money from a good angel or venture organization, the lead investor usually becomes your board member and has a vested interest in your success.

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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. Professional angels: This is the arena where I work and play. Do not expect grand valuations of your enterprise from these professional angels.

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Equity financing: great for rapid growth startups

Berkonomics

We’ve spoken of financing a young company through friends and family, known as “inside angels.” There are three classes of equity investors for early stage businesses that we have not yet considered. First, angel investment groups come in all sizes from a few organized angels to large groups of three hundred or more.

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How can you let a talented employee go to pursue a new career?

Berkonomics

Sometimes you can be the coach, helping them even if it means losing them. It doesn’t take much to publicly wish a departing employee well, to throw a small celebration, to coach the outgoing person if asked, and to listen and receive fair criticism at the moment of the exit interview. Five years later, I received an email from Tom.

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