article thumbnail

Don’t Underrate The Value Of A Startup Plan Document

Startup Professionals Musings

In fact, the process of organizing and documenting these elements is the best way to make sure you understand the answers yourself. It only takes a little extra work to make it a professional document, with a cover page, table of contents, headings, and page numbers.

Startup 102
article thumbnail

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. Actually, there are two legal duties of board members.

Class 282
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Good Business Writing is Not a Mark Twain Novel

Startup Professionals Musings

No one is born with business writing skills, and everyone can learn them. Thus, I thought a quick refresher on business writing basics might help you more than any tip on the next big thing on the business horizon: Select clear purpose and focus. Tailor writing to your audience. Develop a friendly business writing voice.

Writing 89
article thumbnail

Are you a dictator about sales deadlines?

Berkonomics

Everyone who manages a company, a workgroup or a sales force wants to write as many new deals as possible and is usually wary about doing anything that might threaten the positive outcome of a pending sale. Do so within the offer document and with a personal comment with delivery of the offer.

Sales 156
article thumbnail

Here Is When Your New Business Needs A Written Plan

Startup Professionals Musings

In fact, the process of organizing and documenting these elements is the best way to make sure you understand the answers yourself. It only takes a little extra work to make it a professional document, with a cover page, table of contents, headings, and page numbers.

Sample 137
article thumbnail

Startup Boards

Both Sides of the Table

While the management of a startup company deals with the day-to-day decision-making within the company (strategy, budgets, goals, tasks, compensation) ultimately the Board of Directors has the legal governing responsibilities for these things. Equally it could vote to increase the stock option plan to 99% of the company.

Startup 204
article thumbnail

The Changing Venture Landscape

Both Sides of the Table

I’m over-paying for every check I write into the VC ecosystem and valuations are being pushed up to absurd levels and many of these valuations and companies won’t hold in the long term. I often answer the same way … * “First, yes, nearly every corner of our market is over-valued. By definition?—?I’m dot-com bonanza.