Startups are the future of the business world. And it’s not surprising if you look at the success of some startups like Amazon and Google. Naturally, startups attract quite a lot of talent due to their potential. But there’s a problem too. When you have so many talented and competent people under one roof, you must figure out how to divide equity. Keep in mind that big companies…
Owning your own startup company seems like a dream come true. After a lot of hard work, networking, and gaining support, you finally manage to start one. With the dream of being the next Bill Gates or Jeff Bezos, it feels like the whole world is at your fingertips. But, let’s not get too ahead of ourselves. You just started and you have a hundred and one things…
_Business is the process of creating value by offering products or services to meet demand. A business can also be a stand alone entity for a single process of creating value. For example, an ice cream business focuses on the selling ice cream process of creating value. Recently my _business, Idea Lemon, celebrated its 4 year anniversary. I use the word ‘celebrated’ loosely because really that meant Linkedin…
LEI is an acronym for Legal Entity Identifier. All companies that make financial transactions such as trading and investing in the stock market must have an LEI code. Some argue that an LEI is only needed at the time of making a transaction. However, we need to understand that LEI is more of an international level recognition. The LEI is a far more evolved and structural system that…
If you hope to be your own boss someday, starting a liquidation business is one attractive, realistic option. You already know that shifting from the comfort of a steady salary into the unknown will be challenging and difficult at times. Still, you might feel that you are ready for a change. You want to be in charge of your future, have more control over how your workdays go,…
What began as a trend among millennials has continued as even Gen Z appears to have been bitten by the entrepreneurial bug.…
Problem: Receiving packages from orders placed online is difficult in larger cities, especially in places where there is no active doorman to accept deliveries on behalf of residents. Unless the recipient is present at the time of delivery, which is typically during the hours of 8-5, a slip is left at the door, and the package is returned to the distribution center. Due to barriers with labor limitations,…
Jobs are not what they used to be for both employees and employers. The average worker stays at each position just 4.4 years, which leaves employers looking for new staff members at a rate drastically higher than that of just several decades ago. For the employee, the market has become more competitive and a college degree is no longer a guaranteed ticket to a profitable and happy career with…
My interview with Phil Dumontet was interrupted by a police officer knocking on his window after he pulled over safely to the side of the road. As rare as an interview starting with a police intervention is a company starting with just a CEO and a bicycle. Dashed has grown into the leading restaurant delivery service in the Northeast. Dashed delivers for over 600 top rated restaurants in…
Dropout is such a negative word. Young entrepreneurs all across the country and world are ‘dropping out’ of school, but not because they are failing. Aaron George may have dropped out of law school, but it wasn’t to take a job or because he couldn’t handle it. He left law school to focus on something he was truly passionate about – lawyers. But why work with lawyers if…