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Don’t Let Investors Conclude Your Startup Is A Hobby

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At this stage, you should start recruiting, hiring, paying, and training others to help you run your business. Here is another often overlooked area of process that kills many startups, both in cost and time. Neither of these is really much fun, and both situations will cost you money rather than make money.

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10 Key Traits Of An Ideal Entrepreneur Partner

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If one of your core values is exceeding your customer expectations for quality and service, and your potential partner ascribes to the low cost, high profit mantra, a successful partnership is highly unlikely over the long-term. Partner decisions are more important than hiring decisions. Similar values and goals. Level of integrity.

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The Smartest Entrepreneurs Bootstrap Their Startup

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In today’s Internet world, enterprising entrepreneurs have found that they can find out and do almost anything they need, from incorporating the company to filing patents, without expensive consultants, or the cost to hiring and firing employees. Need expensive resources up front.

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Nuts & Bolts of Intellectual Property for New Startups

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It’s possible to have a company with literally millions of customers (users) that employs only a handful of people, working in a small rented office, with hardware and software costing in the tens of thousands rather than millions of dollars. This is often referred to in the creative community as a “ work-for-hire agreement.”.

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Bootstrapping Organic Growth Makes Startup Sense

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Bootstrapping avoids all the cost, pain, and distractions of finding angels or VCs, and allows you to keep control and all your hard-earned equity for yourself. Every outside hire increases your cost and risk. Hire experts, not help. Image via Flickr from Food For Thought album. Do it yourself. Don’t plan for failure.

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10 Startup Shortcuts That Will Be Back To Haunt You

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In almost every state, you can incorporate as an LLC with a minimal effort, and a cost in the hundred dollar range. Be quick to hire and slow to fire. Hiring after one interview is like hopping a red-eye to Vegas to get married after one date. Only hire people who like you or think like you.

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Sprint Like An Egyptian: A Tech Entrepreneurship Revolution in Alexandria

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For example, in an area known for a high crime rate, security guards can be hired and other measures taken. There is an ample supply of labor; a relative scarcity of challenging, career-building jobs for recent graduates of technical institutes and universities; and a dramatically lower cost structure for many initiatives as a result.