From Forbes: “[T]here are some very serious legal considerations every for-profit company – including startups – must be aware of before attempting to use unpaid interns.”
10. Incubators and Accelerators
From KillerStartups: “[T]he access they provide to industry experts, startup attorneys and venture capitalists greatly improve the chance of your startup becoming a success.”
5. Practice Due Diligence
From ReadWrite.com: “[P]eople looking to sell should practice due diligence on their own companies before handing things over to a prospective acquirer.”
7. A Team Orientation
From Monsterthinking.com: ”Know that every project is a reflection of you and your team. To create the best product, learn your team’s strengths and weaknesses.”
There are too many options
From Upstart Business Journal: ”[O]nce I picked a few narrow customer bases and focused my marketing efforts, I really started getting traction.”
From KillerStartups: “There is nothing that will sink a startup faster than a founder abusing the trust put in him by his co-founders, employees and investors.”
13. Understand What They’re After (It’s Not You)
From Yahoo!: ”A reporter is not interviewing you to catch you in a ‘gotcha’ moment — he wants to write a story about a topic on which you have expertise that his readership will find interesting.”
From UpMarket: “Every startup needs someone who can fulfill its technological requirements, and there simply are not enough good programmers to fill this demand.”
8. Do Your Due Diligence
From ReadWriteWeb: “Not all accelerators are created equal. . . Some are worth their weight in gold, while others are just looking to churn and burn their clients.”
10. Incubators and Accelerators
From Fox: ”Not only do they provide you with the capital to get your idea off and running, but the access they provide to industry experts, startup attorneys and venture capitalists greatly improve the chance of your startup becoming a success.”
From Forbes: “[T]too many people are finding out the hard way that a legal self-help website ‘is not a law firm and is not a substitute for an attorney’…”
How Far Will You Go?
From MSN: “Engaging in buiness with people in distant lands means exposing yourself to the regulatory regimes of those faraway places. . .”
15 Unique and Inexpensive Ideas to Promote Your First Product
From Under30CEO: “While a new product may not warrant a spot in a national daily, there is publication somewhere that targets your core customer base. And that publication wants to talk about you, for free, to the people who are most likely to become the first movers on your product”
From ReadWriteWeb: ”While revenue, profit and deal flow are easy metrics to “measure success,” as a service provider, the number of satisfied clients is the ultimate indicator of how my company is performing.”
6. Microsoft Excel is Still Relevant!
From Lifehack: “It is the industry standard for spreadsheets for a reason. With a little training, you can run circles around any closed source software.”
21. Agree on the ground rules beforehand.
From YFS Magazine: “Agree to the steps that will be taken and the format of the dissolution long before things get acrimonious…”
Be thankful you have a choice.
From VentureBeat: “At the end of the day, when you need money for that next big step and you have found someone willing to fund you, your say in the matter is rather limited. Remember the golden rule for startups — he who has the gold often makes the rules.”
From Forbes: “Last month, President Obama signed the Jumpstart Our Business Startups Act into law… While [the JOBS Act's] goals are laudable, the possibility of some negative outcomes may actually cause startups harm.”
14. Didn’t I Go to Work Already?
From Lifehack: “If you are ‘at the office’ even when you are at home asleep, it is time to take a breather.”
10. Know Your Grammar Rules!
From TheNextWeb.com: “If people are analyzing your word usage, they are not thinking about your message. Nobody is immune; when Steve Jobs once called an iPod the “funnest” ever, the following buzz was not on the features of the new product, but on the correct usage of “fun” in the English language.”
… But an LLC isn’t just for big companies with multiple subsidiaries, either. “Whether you are a giant or one person, you still want to protect your personal assets,” advises Peter Minton, president of Minton Law Group, P.C. …