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7 Plan Elements That Separate Businesses From Hobbies

Startup Professionals Musings

Since this document is outward facing, it is important to keep the terminology and tone consistent with that of your customer set, investors, and business partners. For example, “I just patented a new cell-phone technology that will double battery life for half the cost. The details can be added later. Skip the acronyms and jargon.

Startup 65
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7 Shortcuts That Can Kill A Startup Business

Startup Professionals Musings

I’m not suggesting that formal legal documents are always required, but agreements without some paper or email trail are easily forgotten or misconstrued. Filing a provisional patent costs very little if you do it yourself, and it holds your place in line for a year. Give away more equity than required to drive the business.

Startup 62
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10 Entrepreneur Milestones That Make Funding Easy

Startup Professionals Musings

Here are some tips which will signal traction and fundability to investors, as well as to your team: Document your business plan. Forcing yourself to write down a plan is actually the only way to make sure you actually have a plan. File a provisional patent, register a trademark, and reserve your company domain names.

Funding 112
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Ten Slides Make a Killer Investor Presentation

Startup Professionals Musings

Most advisors will tell you to write the business plan first (20-30 pages), then distill the key points into a set of Microsoft PowerPoint slides for standup presentations to potential investors. Describe your technology patents and “secret sauce”. What equity is the company willing to give in return for the investment?

Slides 94
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10 Keys to Startup Traction That Investors Look For

Startup Professionals Musings

Here are some tips which will signal traction and fundability to investors, as well as to your team: Document your business plan. Forcing yourself to write down a plan is actually the only way to make sure you actually have a plan. File a provisional patent, register a trademark, and reserve your company domain names.

Startup 104
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These 10 Steps Will Make Your Startup Fundable

Startup Professionals Musings

Here are some tips which will signal traction and fundability to investors, as well as to your team: Document your business plan. Forcing yourself to write down a plan is actually the only way to make sure you actually have a plan. File a provisional patent, register a trademark, and reserve your company domain names.

Startup 101
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Roping in the Legal Eagles

InfoChachkie

Some startup attorneys will accept a portion of their initial fees in the form of equity. When you hit the inevitable bumps in the road, a lawyer who has an equity stake in your business is more likely to be flexible with respect to payment terms and more willing to give you quick, off-the-clock feedback and guidance.