September 8, 2016
This tragic story of insufficient planning is just another example from the Department of Not-Beginning-With-The-End-In-Mind. So many entrepreneurs get all “over the moon” about getting launched and off the ground that they ignore thoughts about their exit strategy. What do they want to get out of the business? How will they exit? Will they sell the business or will they want to bring in investors (as was the case here)? If that’s the case, what might be some of the obstacles to accomplishing that goal? As Ryan Roberts reports about these “Shark Tank” losers (kudos for Ryan; I spend my spare time watching NCIS), they had intellectual property that was a vital part of the business. But the owners of the company (and the company itself) didn’t own the IP outright. No IP, no meaningful business. No meaningful business, no investors. Back to the drawing board. If you liked what you read, watch our video to see if Kaufman Business Law is a good fit for you. Watch our Video
Continue ReadingI was driving north on Route 85 out of Atlanta, heading to the Novice to Advanced Marketing Systems (NAMS) conference last week. In the grey drizzle. During rush hour. Lured into complacency by the GPS,…
Read MoreWHAT THE $%^&!?!” I screamed, as I slammed down the phone receiver. “I HATE THIS!! I CAN’T KEEP DOING THIS CRAP ANYMORE!” Can you say “meltdown”? Yeah, I had one last month. Triggered by technology.…
Read MoreWhat if your partner is also your . . . partner? The Memphis Daily News on Correale Builders & Realtors in Germantown, Tennessee. Not an unusual business, but for the fact that the business owners…
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