The Co-Founder Dilemma And How To Conquer It

The Co-Founder Dilemma And How To Conquer ItIt can be exciting to start up your business, alongside your fellow co-founders. However, what many newbie startup founders don’t always remember is that there must be a smart, rational division of the equity between the co-founders. It can be tempting to make things easier by splitting everything up evenly, but that would probably be a big mistake that will eventually lead the founding team to arguments and disarray along the bumpy road to building a successful business. There are many key variables that have to be taken into account by the startup idea founder when determining how the equity should be distributed between each of his co-founders. In this post I will try to point out briefly what variables should be taken into account and what I personally think should happen.

An idea is worth money

The first variable is considering to give more power to whoever came up with the original business idea. The originator of the idea should receive a big premium for his creativity and originality, and if he is taking the risk to put money into his own idea, that premium grows even larger. If the creation of the idea is based upon the amount of investment needed, and there is no external investor, the equity would be divided based on the amounts of the cash investment that each of the startup co-founders brings in. Keep in mind that despite all this, ideas do not come into fruition without the execution of a plan. It’s easy to bring a plan to the table, but it can be more troublesome to devise a plan to see it come to fruition. If one of the founders is key to the execution of the plan (for example: your programmer or engineer), you may have to make sure that he feels he has enough equity. This must be done in order to make sure you keep your key co-founder invested in the future startup, and motivated to start working with you.

Investors

The second variable is more in depth than just looking at who is funding the business from inside. Those who are contributing money to the business from the outside, investors, should be treated as seed-stage investors, and should see some return on the risks they’re taking with their income. Choose your valuation wisely when dealing with investors, you don’t want to be to greedy and you should … Read More

Excel Online – The Good and the Bad

Microsoft Excel is one of the most widely used programs in the world of business. It offers users an easy way to quickly organize large amounts of data in spreadsheets. In more recent times, online offerings of the program have taken the world of data organization by storm. Excel Online offers many features that its offline counterpart cannot match.

The Benefits

Excel Online, as opposed to the desktop version, allows for more efficient collaboration on projects, as users are not required to send each other new versions of a file every times they make a change. Instead, the file is saved online and accessible to all. In addition, fears of lost data due to computer failure are mitigated as data is stored in the cloud automatically. Compared with competitors like Google Sheets, Excel Online offers a more complete package in terms of functionality and usability. There are some features in Excel Online that are simply not possible in Google Sheets.

The Drawbacks

While it is a very powerful spreadsheet editor, Microsoft Excel Online is still not quite as powerful as the offline version of the program. Some of the more advanced features and customizability that users have offline are not present online. In addition, there is limited capacity for storage online. For these reasons, complex data manipulation of very large data sets is often times best to complete offline where there are not limits on data. Because data is stored in the cloud, users are capped in the amount of free data that have. Some users may be off put by the complexity of Excel online and may just be more familiar with the Google platform, so many people opt to do their online spreadsheet work on Google Sheets as opposed to Excel online.

Hiring an Excel specialist to set you up

Whilst spreadsheets aren’t for everyone, there’s no doubt that they are a key tool for businesses who wish to store, analyse and share data. You can unlock the true power of Excel by hiring a specialist in spreadsheets, they can provide may different Excel services including data collection, web apis and reporting. These can all go hand in hand with the set-up of Microsoft Excel Online and the setup and training of the Microsoft Office package as a whole.

Microsoft Excel Online is a growing platform that will continue to improve as online capabilities and technology become … Read More

Update Your Small Business to Secure Your Future

If you have a successful small business that has always done very well but you are worried about the future, embrace today’s technology. Don’t be afraid to try something new. To many business owners are afraid of change and shy away from new technology. This is a big mistake. You want your business to continually grow. In these modern times, that means you have to move forward.

Computer Systems

Computer systems can reduce your work load and keep you more organized than you ever have been. Restaurants can benefit from systems that tie the ordering, service, and sales all together for a more efficient flow between the wait staff and kitchen, and the products from Xerox Dallas Texas companies such as Cesco Office Products have available will help any business get organized. A little research will help you find the best system for your individual needs.

Safety

The technology use in business security systems is always improving. No longer are you limited to a ringing bell or grainy pictures. Today’s systems include quality cameras that provide crystal clear images along with instant alerts sent to your local police department when an intruder enters your space. Both you and your employees will feel safer knowing help is only a push of a button away.

Advertising

Advertising has never been easier or more affordable than it is today. Use social media to your advantage. Having a Facebook page allows you to reach many people at once when it comes to announcing sales and special offers. It also provides your customers with the perfect place to leave reviews and ask questions about your services or products.

Once you put these ideas into practice, you will realize that the word “technology” really isn’t such a scary thing. Computer systems can ease your work load, keep you safe, and help you reach out to new customers. The result is a productive small business that will continue to grow as time moves forward.… Read More

3 Success Tips for Your Industrial Business

Are you thinking of breaking into the industrial field? It’s not as impossible as some people say, but it’s not going to be easy, either. You’ll need all of the help that you can get in order to be fully prepared for the challenges ahead. Here are just a few tips for succeeding as an industrial business owner.

1. Make Connections

Networking is important in any field, but it’s especially crucial with industrial work. Manufacturers, vendors, suppliers, retailers and insurers are expected to work closely together to bring products and services to consumers. You’ll want to have plenty of phone numbers when it’s time to license a new gadget or secure permits for a fresh construction site. Even if they’re just acquaintances that you met at a conference once, it’s better than dealing with strangers.

2. Invest in High-Quality Equipment

An industrial business is only as good as its equipment, so don’t cut corners when it comes to things like catalyst reactors or your next fluidizer blender. Budgeting is important, but so is making an investment towards your five-year goals. If you buy cheap gear, your products and services are going to be cheap as well, and your business might not even make it to five years!

3. Listen to Feedback

Do your employees think that something is unsafe? Don’t brush off their concerns and tell them to get back to work. Are your customers complaining about your tech support for a particular product? Don’t just assume that they’re being whiners. Feedback is a valuable asset for any business owner, but this is especially true when you’re in an industrial field. Since the stakes are so high, you can’t afford to make bone-headed decisions without consulting others.

These are just a few ways to increase the odds of success for your industrial business. Whether you’re opening a small factory or a large processing plant, it’s important that you take things slowly and carefully. Don’t rush into any decisions. Be fully confident in your choices so that your business can thrive under your calm and reasoned leadership.… Read More

How Industry Pushes Society Forward

The direct effect that technology and its influence has on society cannot be overstated. Technology means something different to each person who hears it. It could be that when you hear the term technology your mind focuses on things like rocket ships, flying cars, and jet planes. Other people will think about faster computers, smart tablets, or machines that have the ability to learn on their own and mimic human behavior. Other people focus on the science and research aspect of technology. They think about improved laboratory equipment and advances in technology that allow one to grow food in hostile places.

The way that society looks at the term technology can often determine where they put their time and their energy. For example, if people look at technology only as things associated with computers or electronic devices that make fast advancements or that change quickly, then they will not give a sufficient amount of attention to other things that, although forms of technology, are not defined by most in society as technology. These things that are essential to life and must constantly improve if life on this planet is going to get better.

This does not mean that one should minimize the importance of new smart tablets, smart phones, electronic methods of payment, or social networks. The truth is that these things are moving society in ways that were not thought possible just a few years ago. Thanks to these types of technologies, fortunes are being made around the globe. However, other aspects of technology need to be explored if society is going to continue to progress in the ways that many thought society would two or three decades ago.

For example, science fiction always projected the idea that by the mid-2,000’s mankind would have flying cars. Instead, mankind has many ways to share media and videos. The point is that while it is important to focus on the electronics in the computer related aspects of technology, physical, things like improving the quality of deaerator trays, automobile motors, or home construction, cannot be overlooked.… Read More