by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
Founders with Complementary Skill SetsThe business team begins with the entrepreneur(s). Earlier lectures in this library introduced the genesis and evaluation of the business idea. In many cases, the founding entrepreneurs consist of an inventor or the person...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What are Early Employees?Later stage employees of the business generally assume the role of salaried employees. At this point, the business produces sufficient revenue (along with equity investment) to pay personnel a salary. The downside to this relationship is that...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
How do I Divide up Shares with my Co-Founders?When forming a new company, the founders must make the early decision of how to split up the ownership of the company. This can be a tense and sensitive subject, as each founder has some idea of their respective worth and...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What are the Rights of Owners in a New Business?As discussed in the previous lecture, control and ownership are separate concepts in a business venture. Control, itself, is a right that may be bestowed unto owners. Control is generally determined by the type of entity...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What Documents are Required to Form a Business Entity? The organizational documents of a business generally include the documents used to form or organize the business (registration documents) and the operational documents used to control activity within the business...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
How to Choose a Building or Location for a Business?Below is a list of factors that you should explore when choosing a location to establish your business.Assess needs of business: type of building (building specs), operational needs, branding needs, financial...
