We’re expanding our toolkit for business owners who need more than platitudes. First up: Exit Readiness is for owners aiming to sell in 12–24 months. Not the “tidy up your financials” advice or a to-do list you can get everywhere else, but real, deliberate help to actually do the hard work of eliminating valuation killers,…
Read MorePeople still want a chance to cheat the middle-class investor. I was annoyed to see this letter to the editor in the WSJ, whining about “paternalism” and the accredited investor rule. For those new to the question, here’s what I wrote 8 years ago on exactly this topic because everyone was getting hot and bothered…
Read MoreViable, Valuable, and Investable Our co-founder, Mike Princi, coined this triplet years ago. He used it as a shorthand to remind people that new businesses, whether tech-style startups, corporate carveouts, or IP commercialization attempts, have to satisfy all three of these requirements to survive. If they don’t, they’ll look very different than they hoped. Viable…
Read MoreThere’s a common hiring quote that goes “A players hire A players; B players hire C players.” It’s been ascribed to Steve Jobs. The TSC commentary to this rule: “But sometimes an A needs a job and a B is the one offering.” Just because you have someone good working for you doesn’t mean you’re…
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