May 24, 2016
Listen to the Episode Below: Can you capture lightning in a bottle … twice? Nellie Akalp may be on the way to doing just that, so you’ll want to tune in to hear her story. From starting her first business during law school in a two-bedroom apartment with her husband, to selling it to Intuit for a v-e-r-y- comfortable “never-have-to-work-again” (undisclosed) sum, to starting a new business in a similar industry, Nellie shares the ups, downs, and lessons learned the second time around. Lessons From a Serial Entrepreneur … Keep it clean. One of the things that made Nellie’s first company so attractive to Intuit was that the books were “clean” and in order, and that the company carried no meaningful debt. That’s a huge selling point for acquirers–not just your gross revenues. Have some vision for what’s next. Even if you don’t want to–or don’t feel you have the skill set to–shepherd the company into the next phase, create a business plan that projects a few years into the future. That shows potential buyers you are…
Continue ReadingQ.: I recently started a janitorial cleaning business. Our first job was subcontracted from another cleaning business. We completed three months of work and have yet to receive any payments. Two months ago I met…
Read MoreIt surprises me how many business owners have knee-jerk reactions about choosing a business partner, instead of thinking long and hard about who would really be the right fit for them (then again, how many…
Read MoreQ. I am a founding partner in a 15-year business. All 3 partners work in different capacities at our business. We have had financial struggles along the way. Recently, my 2 partners have infused capital…
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I know first-hand that running a knowledge-based service business has unique challenges. It’s so much easier when you have an advocate in your corner. Over the past 25 years, I’ve worked with thousands of New York business professionals who want a legal advisor to guide and support them as they navigate the business world.
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