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Your board should protect you!

Berkonomics

They write in their investment documents that they will occupy a seat on the board for as long as they are invested in the company, thinking of this as a protection for their investment and tool for them to influence growth. All other board functions are secondary. Well, how far should a board member go? Of course they should not.

Class 282
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7 Leadership Strategies That Assure Real Team Results

Startup Professionals Musings

I saw the key ones outlined well in the classic book, “ Creating High Performers ,” by William Dann, a leading coach to experienced CEOs. Your standards for product quality, sales growth, and customer satisfaction must be documented and reviewed prior to results and performance reviews.

Coach 93
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7 Ways Entrepreneurs Can Supercharge Team Engagement

Startup Professionals Musings

I saw the key ones outlined well in the classic book, “ Creating High Performers ,” by William Dann, a leading coach to experienced CEOs. Your standards for product quality, sales growth, and customer satisfaction must be documented and reviewed prior to results and performance reviews.

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5 Steps To An Innovative And Winning New Venture Plan

Startup Professionals Musings

Any startup coach or business advisor will tell you that, on your way to being a great chef, you don't start your journey by inventing the ultimate entre. Finally you create and document your recipe (business plan). Have you projected sales and marketing costs, cash flow, and capital requirements?

Startup 112
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Why you should never have a data room — the most counter-intuitive fund-raising advice you’ll ever…

Both Sides of the Table

These collective sets of documents form the basis of what somebody looking at investing would call “financial due diligence.” What happens is 18–20 firms access the data room and download all of your documents. For starters you have to realize that fund-raising is a sales process. It doesn’t. It felt like heresy.

Funding 336
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5 Basic Ingredients For A Startup Recipe For Success

Startup Professionals Musings

Any startup coach or business advisor will tell you that, on your way to being a great chef, you don't start your journey by inventing the ultimate entre. Finally you create and document your recipe (business plan). Have you projected sales and marketing costs, cash flow, and capital requirements?

Startup 156
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7 Bases For Taking Control Of Your Time And Your Life

Startup Professionals Musings

Since I’m not a life coach, I can’t comment on the broader implications, but in my role as advisor to many startups, I do often find myself recommending a focus on many of his key points, which I will paraphrase here: Think in terms of action. Action starts with absolute clarity on the goals you want to achieve.

Startup 140