Remove contract-traps
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Contract Traps Entrepreneurs Should Avoid At All Costs - Sweet Sixteen Kisses of Death

InfoChachkie

Big companies make seductive promises, including access to large markets, significant financial resources and vital public validation (see Pulp Facts for tips on how to maximize such validation). As you draft the agreement, include specific examples, especially when numeric formulas and calculations are involved. Paul Somerson, Author.

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

InfoChachkie

This series describes how entrepreneurs can craft company-changing agreements with BDCs, while avoiding Kiss of Death contract provisions. In order to optimally manage your limited resources, clearly specify the work to be performed, who will perform it and when each significant task must be completed.

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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

I could easily go into the board rooms of major European companies (I was based in London) and land $500k – $1 million contracts so my order book grew rapidly. It soaked up all of our development resources and didn’t allow us to focus on what we felt our company strategy was. But few companies are good at trapping rabbits.

Startup 389
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Most Common Early Start-up Mistakes

Both Sides of the Table

Here are some lessons to avoid common traps. Moonlight Responsibly - If you are still employed please be very careful not to use your company’s resources to produce your product and please do not work on your next idea during business hours. But for the sake of my example – say 20%. Not worth it.

Startup 365