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How Much Should You Personally Cover for Startup Costs?

Up and Running

Pros and cons of using your own money for startup costs. Office space, equipment, software, and talent are the most obvious, but you’ll also need tax help, general counsel, and marketing (among other services) to get operations off the ground. Conduct a cost estimation. Your own personal funds will get you only so far.

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Better Solutions for Better Operational Efficiency in Construction

The Startup Magazine

Operational efficiency mentioned in the text today focuses on the ability of the company to deliver the highest quality goods in a timely manner and in the most cost-effective way possible. It also reduces the chance of making a mistake due to misunderstanding and making operational errors.

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Dear Founders: Here Are Three IP Mistakes to Watch-Out For

Scott Edward Walker

Accordingly, legal counsel must review all of the written agreements between the founder and his prior employer (as well as the employee handbook/manual) to determine if there are any provisions that may give the prior employer rights to the startup’s IP. . code, designs, logo, etc.) Any IP created by a founder (e.g.,

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Social Entrepreneurship Could Be Your Solution

Mike Michalowicz

This will also encourage them to come forward with their own ideas on how to tackle projects because of their vested interest. . Whether it be personal finance, graphic design, or coding, you and your team can run a workshop at your local community center. This is an easy way to support your community with no cost to you or your team.

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No Time for Bookkeeping? 5 Tips for Busy Startups

The Startup Magazine

In the excitement of a new business venture, it’s tempting to arm yourself with a big, fancy, expensive accounting software package that you don’t need. When this has a few months’ history, it will be useful for forecasting future expenses or profits, as well as reviewing historical balances. Keep Things Simple. Share the Load.

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5 Ways to Bootstrap Your Startup

ReadWriteStart

Serial entrepreneur Rachel Blankstein is bootstrapping her latest startup, Comparz , the largest independent user review site for businesses seeking Web-based software. Exchange your coding skills with someone who will offer the equivalent value of marketing. But she insists there are benefits to bootstrapping. Bootstrap 1.

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How to find the right cofounder

NZ Entrepreneur

It’s a common issue – you have an idea that will require some technical know-how (eg coding, engineering, science) but don’t have those skills yourself. My first startup was a web based software system for the hostel industry, and I had limited technical experience. Finding a technical cofounder. Do you get on well?