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More than just a document: the importance of bulletproof commercial contracts for startups

The Startup Magazine

This will not only be beneficial in terms of investors, it can reassure customers and partners, in turn furthering opportunities for growth, collaboration and even diversification. The post More than just a document: the importance of bulletproof commercial contracts for startups appeared first on The Startup Magazine.

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Don’t Underrate The Value Of A Startup Plan Document

Startup Professionals Musings

The plan must simply answer every relevant business question that you could imagine from your team, partners, and investors. In fact, the process of organizing and documenting these elements is the best way to make sure you understand the answers yourself. Don’t try to impress constituents with technical terms, jargon, and acronyms.

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4 Keys To A Successful Integrity Check With Investors

Startup Professionals Musings

That might start with the CEO giving the investor pitch to the whole organization, and distributing the current business plan document to everyone. Make sure all business processes are documented and integrated. Visit reference customers, partners, and vendors. If everyone has a different view of reality, you have no reality.

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Did you know that board management software isn’t just for boards?

Board Effect

Ensuring the right teams have the right information requires efficient document-sharing tools, as well as a bird’s-eye view of what is available. Software such as BoardEffect offers a robust, searchable document repository that makes all kinds of records available with one click. Difficulty of data-driven decision making.

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7 Startup Partner Pairings That You Are Apt To Regret

Startup Professionals Musings

If you think about it, you should realize that not everyone is ‘ideal partner material.’ Most of us learn that fact from other partner relationships, like dating and marriage. It works much better when one partner is the visionary, and the other is the pragmatic “get it done today” kind of person. Let’s keep it in the family.”

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5 Key Success Attributes For An Aspiring Entrepreneur

Startup Professionals Musings

As an example, I worked with Bill Gates early on, but I fear he may have failed without partners Steve Ballmer and Paul Allen. You will find that your team, partners, and vendors feel the same way. They now expect a solid documented plan, with specific goals and targets based on data. Paul Allen was the idea visionary.

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8 New Business Keys To Success For Real Entrepreneurs

Startup Professionals Musings

The days of lengthy, text-heavy, business plan documents prepared by expensive experts are behind us. Investors and partners now look only for a framework of your business essentials, within the context of your opportunity, solution, and financials. Just make sure you can fill in all the details.