Stock and options for your team

Be careful talking in terms of % ownership! Many people seem to get hung up on what percentage of the company they own at any given time. If you need to sell more shares to raise capital or hire a new person, everyone’s ownership piece of the pie is going to change. It’s crazy-making to…

About Failure

I’ve been seeing a number of emails lately discussing various versions of failure. Entrepreneurs are encouraged to “fail fast.” As if that’s a good thing. The problem, as I see it, with encouraging failure, while the real message is intended to encourage taking action without fear, see what happens, learn from it, and keep going,…

The 4 steps to pitching investors

The sequence of engaging investors goes something like this… Burke Franklin, Creator: Business Power Tools Author: Business Black Belt Elevator pitch 2-3 page Executive Summary 20-minute PowerPoint presentation Comprehensive Strategic Business Plan How to prepare… Do it in reverse order: Comprehensive Strategic Business Plan 2-3 page Executive Summary 20-minute PowerPoint presentation Elevator pitch The process…

What Are You Going to Do Next?

Excerpted from the book on mindful business management, Business Black Belt. “You know exactly what to do. You just don’t do it fast enough.” ~ Robert Petersen, CFI, Flight Instructor You really do know what to do… One afternoon I was flying my airplane home with my instructor. As we flew into the San Francisco Bay…