The team you assemble to get your small business off the ground will make or break you. Avoid these ten common hiring mistakes to give your company the best chances for success. 1. Hiring for an Unspecified Role Starting a new business is chaotic. You will need a strong team to help you turn disorder into order. But don’t […]
When Mason and I first built V1 of UpCounsel inside AngelPad, we knew we were going after a massive opportunity, but a very hard problem. Professional services present unique marketplace challenges because of the elevated levels of trust that must be built between the buyer, seller, and marketplace. We knew we needed the right team […]
When starting a new business, entrepreneurs often get confused about how they should structure the company. Should it be a C or S corporation? What’s the difference? In our previous post on drafting buy-sell agreements, we mentioned corporate structure was an important decision that could significantly impact your tax burden. Here are the key differences between an S corp […]
Legal documents are the last thing you want to work on when starting a small business. Time is money and there never is enough of it. However, if you don’t prepare the proper paperwork, you leave yourself vulnerable to conflicts and lawsuits that could end your business. Make sure your hard work doesn’t go to waste and draw up these six legal […]
Think buying a franchise is going to be the business opportunity of your dreams? Make sure you aren’t making one of these ten mistakes, or you might end up regretting your decision. 1. Wanting to Be Your Own Boss You might think buying a franchise means you’ll gain independence, be your own boss, and control your destiny. […]
Before starting a business with others, it is crucial you draft a buy-sell agreement. Even for the simplest businesses, a buy-sell agreement can save it from future financial collapse. In fact, it might be the only written document you need. Learn why they are important and the top six things to consider when drafting one.
Finding the best employees to execute an entrepreneurial vision is always a challenge. Here is a new employee checklist detailing the seven traits new hires need in order to surround yourself with the most effective team possible.
Thinking about buying a business? Here are five steps to find the right business and close a favorable deal. 1. Consider the Pros and Cons of Buying a Business Pros Less risk. As opposed to starting one, buying a business gives you access to immediate cash flow and profits. You get an established reputation and brand, loyal customer base, […]
Do you ever fear that one day everyone will realize you aren’t as smart, talented or hard working as they once thought? That deep down, you’re a fraud? This common psychological phenomenon in high achieving people is called imposter syndrome. Learn what it is and how to overcome it. What is Imposter Syndrome? Psychologists define imposter […]
How to Start Your Rebranding Strategy Before your business decides to rebrand, you must start the process considering the legal issues involved. If you don’t, your rebranding strategy will be worthless and will put your company’s brand equity in danger. Protect Your Logo, Name and Tagline For the most part, two intellectual property rights — copyrights and trademarks — cover your brand. […]