A great list - 100 business tips
From
The Altucher Confidential:
The Ultimate Cheat Sheet For Starting And Running A Business
No joke. This is going be a bullet FAQ on starting a business. If you're a lawyer, feel free to disagree with me so you can charge someone your BS fees to give the same advice.
If you can think of anything to add, please do so. I might be missing things. If you want to argue with me, feel free. I might be wrong on any of the items below.
There are many types of business. Depending on your business, some of these won't apply. All of these questions come from questions I've been asked.
The rules are: I'm going to give no explanations. Just listen to me.1) C Corp or S Corp or LLC? C-Corp.
2) What state should you incorporate in? Delaware.
3) Should founders vest? Yes, over a period of four years. On any change of control the vesting speeds up.
4) Should you go for venture capital money? First build a product, then get a customer, then get friends and family money (or money from revenues which is cheapest of all) and then think about raising money, But only then. Don't be an amateur.
5) Should you patent your idea? Get customers first. Patent later. Don't talk to lawyers until the last possible moment.
Ninety-five more at the site -- they are all good. Altucher is someone
you need to read if you are involved in business of any kind.
Posted by DaveH at August 20, 2013 11:23 AM