YoungUpstarts

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Tackling The Talent Gap: Best Practices For Uncovering New Hires

YoungUpstarts

It is harder to diversify if your first few hires are homogenous, so branch out beyond your typical hiring pool to seek out diversity of all types —race, gender, culture, and education. When you think you’ve found the right hire, do your due diligence to ensure it’s a two-way fit. Look to organizations like i.c.

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7 Reasons A Small Business Should Hire Advisors 

YoungUpstarts

The right advisor can have a greater impact on the success of your small business than any other hire you ever make. It’s time small businesses started hiring more advisors. It can be a per meeting fee, a small equity piece, or any other arrangement, and remember, you can cancel this at any time.

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5 Mistakes New College Grads Make As They Enter Entrepreneurship

YoungUpstarts

Other businesses fail because they raise the wrong kind of money, such as debt they can’t repay on time or equity that causes them to lose control of their business. You have to be careful, and realize you will make mistakes, about who you hire early in the life of your company. Recognize your hiring mistakes and correct them quickly.

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How To Create A Dedicated Software Development Team

YoungUpstarts

Hire Quality Not Quantity. If you’re a startup with low or limited funds, then you might fall under the temptation to hire a second-rate developer. Give Your Founding Team Equity. One of the easiest ways to show this belief and confidence in the project is by giving them a competitive salary and giving them equity.

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5 Things To Consider Before Selling To A Private Equity Firm

YoungUpstarts

by Adam Coffey, author of “ The Private Equity Playbook ” . You speak to trusted friends and personal advisors about how you should go about doing this (perhaps your lawyer or accountant), and before you know it, you stumble upon an important player in the private equity game: the investment banker.

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How To Hire A Lawyer For Your Business

YoungUpstarts

Five Tips for Hiring a Business Attorney. In addition to a standard hourly fee structure, you may also see the options of retainers, contingency fee agreements, and even equity in your business. Most small businesses put off hiring a lawyer until the sheriff is standing at the door serving them with a summons. Adding it All Up.

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The Legal Side of Entrepreneurship

YoungUpstarts

They also need to decide whether to structure terms as an equity deal or a convertible security deal. These costs make it preferable to use a convertible security for a raise of this size and to structure as equity financing if you are raising closer to $2 million. ” The Cost of Financing. Even $15-20,000 is too expensive.