Forming a New U.S.-Based Company

Forming a New U.S.-Based Company

Business Tips, Business Tips & Advice, Startup
Forming a New U.S.-Based Company: Key Considerations to Support Your Future Success   Do you know what all businesses have in common? All of them were someone’s epiphany, someone’s brainstorm, someone’s dream, someone’s vision. Some business owners want to serve only their local community or a very local market. Still, others want to leverage the global economy's benefits and establish operations in multiple countries for strategic business purposes. In all cases, the process of building any business is not easy. However, if you think doing business in your country is complicated, adding overseas subsidiaries to your organization or bringing your product to the U.S. market can add new complication layers. Whether doing it to access new funding sources, to protect intellectual property, or expand into new markets, there are several…
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Do You Need a Business Plan?

Do You Need a Business Plan?

Business Tips
Very early in my career, I sought advice from a seasoned business owner. “Do I really need a written plan?” I asked impatiently, being inexperienced. He scoffed, “Why spend six months writing a plan? Go start a business NOW!” That was great advice, exactly what I wanted to hear. So off I went, and despite myself, I was a modest success. But in hindsight, I now realize I could have been spectacular rather than modest.   If you’re an organized sole-proprietor, I imagine you can do just fine without destroying half a forest to memorialize your every proprietary insight. However, if you plan to seek funding, hire employees or otherwise engage in activities to facilitate growth - you’ll find you really need someplace other than your head as a repository…
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First Determine If There is an Unmet Need

First Determine If There is an Unmet Need

Business Tips
Last evening, I attended a networking dinner with a friend of mine.  We were engaged in a light conversation with a gentleman when out of the blue my friend launched into a pitch about a joint project we were working on.  Very quickly, it became evident that this guy was not a prospect for our services.  My friend threw the ball to me hoping I might try another approach.  I opted to wrap things up instead.  I acknowledged this might not be the solution for the prospect, but asked if he should know of anyone that might find our services helpful to please keep us in mind. By closing down the pitch, it allowed the third-party a graceful exit.  He didn't have to say no.  And it gave him an…
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How Important is a Pitch Deck?

How Important is a Pitch Deck?

Business Tips, Entreprenuers
A few years ago, I joined Toastmasters. I joined because I honestly believe that 1) Public Speaking is one of the most compelling marketing tools in a entrepreneur's bag of tricks and 2) Almost all of our public speaking could use a little work and outside guidance.  Don't believe me? Set up you cam to capture your most profound thoughts and after 5 minutes play it back. I hate to say "I told you," - oh, who am I kidding? - See, I  told you! Your pitch is your one big chance to get that ever elusive "angel" to become interested in you next Uber like business that's a guaranteed Unicorn. Are you really going to go it alone? I was commiserating with a long time friend of mine, Troy Norcross, about…
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