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7 Ethical Fictions Lead Many New Entrepreneurs Astray

Startup Professionals Musings

New entrepreneurs tend to focus only on getting the product right, and assume that the right culture and ethics will come later simply by hiring good people. In fact, they need an early focus on developing their moral compass, as well as setting the right ethical tone.

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5 Steps To Finding The Best Investor For Your Startup

Startup Professionals Musings

Struggling entrepreneurs are often so happy to get a funding offer that they neglect the recommended reverse due diligence on the investors. Reverse due diligence on the investor is a comparable process whereby the entrepreneur seeks to validate the track record, operating style, and motivation of every potential partner.

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5 Keys To Vetting Investors Before You Accept Funding

Startup Professionals Musings

Struggling entrepreneurs are often so happy to get a funding offer that they neglect the recommended reverse due diligence on the investors. Reverse due diligence on the investor is a comparable process whereby the entrepreneur seeks to validate the track record, operating style, and motivation of every potential partner.

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Entrepreneurs Due Diligence on Investors Is Smart

Startup Professionals Musings

Network with other entrepreneurs. Be wary of individuals or funds sourced from offshore. Entrepreneurs are optimists by nature, so I definitely recommend the involvement of your favorite attorney (usually the pessimist). A successful entrepreneur-investor agreement better be the beginning of a long-term relationship.

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Are You Properly Managing Your Core Competency?

Startup Professionals Musings

Dont expect a contract company, either offshore, onshore, or near-shore, to implement a vision that is still in your head. core competency entrepreneur near shoring offshoring outsource startup' Its hard to write a detailed specification on an evolving new service, process, or product that embodies your core competency.

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How To Avoid Investment Scams In The Startup World

Startup Professionals Musings

The Internet has just made it easier and faster for vultures to feed on entrepreneurs tempted by the possibility of an “inside deal.” Any mention of “offshore.” Watch out if someone has a complex plan involving offshore bank financing or gemstones or oil leases in Iran to make you rich. Avoid “insider deals.” Marty Zwilling.

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