What should I keep in mind when starting a business?
There are many things that influence whether a business will be successful or not. Many of them revolve around the early decisions that are made, and whether all the parties understand the direction in which the business, and the products or services, will take them.
Ownership and Roles of the Parties
Clarity around the ownership, obligations for investing money in the business, and the roles or responsibilities of each of the parties is paramount. (more…)