Remove contract-traps
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Your time is as valuable as your money.

Berkonomics

Enterprise time, as opposed to personal time management, is the sum total of resources available to a company expressed in terms of time – time to develop, to debug, to produce, to deploy, to respond to issues, and to make changes in plans that are not working. There are many ways to fall into this trap.

Resource 156
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Contract Traps Entrepreneurs Should Avoid At All Costs - Sweet Sixteen Kisses of Death

InfoChachkie

Agreements with Big Dumb Companies (BDCs) are like DC Comic’s evil villainess, Poison Ivy. You will no doubt craft agreements with companies of similar or even smaller size to your own. Ever negotiate with lawyers at a huge company? The allure of a company-changing deal with a BDC is strong. Paul Somerson, Author.

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ConTraps Part III – Contract Traps Entrepreneurs Should Avoid At All Costs

InfoChachkie

As noted in parts I and II of this series, agreements with Big Dumb Companies (BDCs) can be alluring and potentially fatal. This series describes how entrepreneurs can craft company-changing agreements with BDCs, while avoiding Kiss of Death contract provisions. Do Not Grant Most Favored Nations Status.

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It’s about time!

Berkonomics

Enterprise time, as opposed to personal time management, is defined as the sum total of resources available to a company expressed in terms of time – time to develop, to debug, to produce, to deploy, to respond to issues, and to make changes in plans that are not working. There are many ways to fall into this trap.

Resource 176
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Most Startups Should be Deer Hunters

Both Sides of the Table

Nearly all of the mistakes I made at my first company I fixed by the time of my second company. This is the only mistake I repeated twice and it is a mistake that I see many, many companies make. When you start your company the very first question you need to ask yourself is which kind of customers do you want to serve.

Startup 389
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Most Common Early Start-up Mistakes

Both Sides of the Table

In the Beginning … This is a very important post to me because I find myself giving this advice all the time and if you don’t follow the basic advice here you can cause yourself much heartache down the line – even if your company ultimately becomes über successful. Here are some lessons to avoid common traps.

Startup 365