02
Jan 25
Boosting Growth Strategic Planning in Top Industry Sectors
Boosting Growth Strategic Planning in Top Industry Sector
08
Dec 24
Unlock Your Full Potential: Game-Changing Strategic Wisdom from the World’s Top Thinkers
Unlock Your Full Potential, Game-Changing Strategic Wisdom from the World’s Top Thinkers Some insightful quotes on strategic planning from renowned strategy experts worth pondering: “The essence of strategy is choosing what not to do.” — Michael Porter “Greatness is not a function of circumstance. Greatness, it turns out, is largely a matter of conscious […]
23
Sep 24
Why don’t more tech companies take on debt instead of venture capital?
Why don’t more tech companies take on debt instead of venture capital? The correct answer is “They cannot”. Banks do not lend to high-risk ventures. Their interest rates cannot support the 80% failure rate the venture capitalists get in selecting companies. Any bank that did this would be out of business very quickly. Banks lend […]
13
Jul 24
Can Founders Buy Out Co-Founders in a Startup? A Step-by-Step Guide
Of course. Agree on a price (the hardest part) Write a check and both sign a transfer agreement to put in the company’s board of Director minutes Change the company cap table and ownership name Of course, this is not always easy, as usually the departing founder wants way more than the shares are worth […]
27
Jun 24
What Does It Take to Build A $100M Company – Matrix?
And beat the odds that only 1 in 6,300 will reach this level of annual sales. The attached diagram shows the skills, systems and experience needed on that team. Each cell would take at least 5 years’ experience to acquire and master that skill area. So, we are looking at 100 years of experience cumulative […]
10
Mar 24
Navigating the Risks and Realities of Sharing Business Ideas with Investors
When you unveil your business idea to a private investor, the fear of idea theft might loom large. But it’s vital to recognize that ideas, by themselves, have little inherent value and no legal safeguards. This sentiment echoes the thoughts of business management expert Peter Drucker, who noted, “Ideas are cheap and abundant; what’s of […]
24
Dec 23
Striking the Right Balance: Founder Salaries and Long-Term Success
Striking the Right Balance: Founder Salaries and Long-Term Success In the intricate dance of founding a startup and seeking outside capital, determining a reasonable salary for CEOs or founders becomes a crucial consideration. Typically, a CEO or founder’s salary ranges from $100,000 to $200,000, taking into account their experience and market value. In certain scenarios, […]
13
Dec 23
Top 10 Questions you need to ask as a CEO to prepare for 2024 if you want to grow or scale (25% CAGR+)
“Sometimes the right question is what takes the most experience and has the most value.” Do you want to grow a $10M to $100M company? Attain great personal wealth? Have an impact on the worked that is 1,000X more than the average person? Have the time to travel the world, take a month or more […]
18
Nov 23
The Power of Bootstrapping: Nurturing Your Startup From Within
The Power of Bootstrapping: Nurturing Your Startup From Within Venturing into the startup realm is an exhilarating journey that demands careful consideration of funding options. Contrary to popular belief, securing outside investments is not the starting point. Serious investors require a robust team, detailed plans, and a tangible product—a Minimum Viable Product (MVP) or prototype. […]