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Do you need an advisory board?

Berkonomics

University professors, industry gurus, lawyers familiar with patent law and former executives of competitor companies are typical recruits you might consider. Usually, you would want to create an advisory board to fill in the critical areas of need not evidenced in the board of directors or within the company itself.

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The Audacious Plan to Make Electricity as Easy as WiFi

Both Sides of the Table

Did anybody hold patents that would prevent us from using this technology? I seldom hire patent attorneys during due diligence but this was too important. With Meredith I did every on-reference-sheet call I could make and many off-reference-list calls. We hired OSHA regulatory lawyers.

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How would you like a great advisory board?

Berkonomics

University professors, industry gurus, lawyers familiar with patent law and former executives of competitor companies are typical recruits you might consider. Usually, you would want to create an advisory board to fill in the critical areas of need not evidenced in the board of directors or within the company itself.

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7 Ways Your People Skills Are The Key To Your Success

Startup Professionals Musings

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement.

Startup 111
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You Need A Strategic Process For Long-Term Survival

Startup Professionals Musings

Every business strategy should still be based first on a long-term business vision and goal – referred to by James Collins and Jerry Porras in their textbook “ Built to Last ” as the Big Hairy Audacious Goal (BHAG). It might be a patented technology, but it could also be the creativity of employees or logistic competencies of the company.

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7 Success Factors When Your People Are The Solution

Startup Professionals Musings

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement.

Startup 174
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6 Guidelines On How And When To Use Non-Disclosures

Startup Professionals Musings

Stick with people you meet through warm introductions, or count on the integrity of professionals who have a visible reputation and references, instead of a legal document. Get an NDA before detailed patent disclosures. Some entrepreneurs avoid the patent process, since patent details become public once a patent is issued.