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3 Mistakes Entrepreneurs Make Setting Up Their Exit

August 4, 2016 by kccadmin

kccadmin

3 Mistakes Entrepreneurs Make Setting Up Their Exit 1. Advisers. Founders wait too long to assemble the best possible team of advisers. The founder will potentially add 20-30 percent to the value of the exit if they have a strong team of advisers at the earliest possible stage -- an experienced…

Traction Is What Investors Are Looking for When You Present Your Plan

August 2, 2016 by kccadmin

kccadmin

Traction Is What Investors Are Looking for When You Present Your Plan The first mistake we make when we pitch our "great idea" to stakeholders is that we lead with our solution. We spend a disproportionate amount of time talking about the uniqueness of our product’s features or its underlying…

10 Things the Bank Will Ask When You Need a Business Loan

July 27, 2016 by kccadmin

kccadmin

1. Collateral Banks do lend money to startups. One exception is your business has to have hard assets it can pledge to back up a business loan. Banks look very carefully at these assets to make sure they reduce the risk. For example, when you pledge Accounts Receivable to support…

15 Reasons You Need a Business Plan

July 1, 2016July 18, 2016 by kccadmin

kccadmin

Whether you're just starting out, growing your business or seeking outside help, a well-thought-out business plan is the vehicle you need to get you there. Why do you want a business plan? You already know the obvious reasons, but there are so many other good reasons to create a business…

A Culture of Curiosity Is the Key to Building a Company That Learns to Improve

June 28, 2016June 28, 2016 by kccadmin

kccadmin

There’s a lot of talk about creating cultures of creativity—especially within the creative industry -- and I agree wholeheartedly that such cultures are vital. What I think too many people overlook; however, is creativity’s important driver: curiosity. To a large extent, curiosity underlies every act of creativity, but I think it also extends beyond…