article thumbnail

Leaving Government for the Private Sector – Part 2

Steve Blank

Obviously, that’s a different definition of the term. Choose big for stability and higher salaries. The salaries are almost always higher. You may need to cover some portion of your own salary for a year. Coming up next : Part III – title, compensation (salary + equity + bonuses) and resources you can use.

article thumbnail

6 Realistic Tactics For Funding Charitable Businesses

Startup Professionals Musings

This could work to get you legal or accounting services, but won’t get you cash to pay employee salaries. All other sections, starting with a definition of the problem and the solution, opportunity sizing, business model, competition, executive team, and financial projections, are just as critical for nonprofits as for-profits.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 Leadership Opportunities Founders Must Never Ignore

Startup Professionals Musings

In my experience, employees usually leave if they are not satisfied with you, rather than a salary level or role definition. Positive team collaboration is a culture that you must foster to increase productivity and the ability to change with the market. Top employees are leaving for better opportunities.

article thumbnail

Some Good Startups Don’t Qualify For Equity Investors

Startup Professionals Musings

This could work to get you legal or accounting services, but won’t get you cash to pay employee salaries. All other sections, starting with a definition of the problem and the solution, opportunity sizing, business model, competition, executive team, and financial projections, are just as critical for nonprofits as for-profits.

Equity 235
article thumbnail

Equity for Early Employees in Early Stage Startups

SoCal CTO

Early Employees To help with this discussion, let me start with a definition of "early employee." " Steve Blank divides the individuals associated with startups as: Founders Early Employees (Employees # 1-25) Later Employees (Employees # 26-125) The reality is that the definition of founder and employee is not clear.

article thumbnail

18 Entrepreneurs Reveal How They Deal With Economic Uncertainty

Hearpreneur

5- By embracing challenges Photo Credit: Ori Fruhauf Managing a business in the midst of economic instability is definitely challenging, but also a great opportunity. It definitely makes managing the company harder, but it’s also a great motivator. We're careful about which projects we prioritize during rough economic times.

article thumbnail

8 Essentials To Qualify Your Startup For A Bank Loan

Startup Professionals Musings

Eliminate your salary from the use of funds. Most startup founders don’t take a salary for the first year or two, since most investors as well as bankers won’t give you money so that you can pay yourself. If you are a startup operating out of your garage or basement, you are likely too early in the cycle to get banks interested.