Archive for the ‘Operations’ Category

Comp Plans

Tuesday, September 1st, 2009

To most entrepreneurs, human resources means pay and benefits and only the basics at that. There’s a lot to be gained by embracing a full spectrum of HR but, for now, let’s go deeper on pay and talk about a Comp Plan. A Comp Plan proactively adds some structure to the ...

Finplan vs. Budget

Saturday, September 27th, 2008

Do I need to tell you about the importance of financial planning?  Sheeesh, I hope not.  Without a reasonable outlook, you don’t know how much money to raise now or when to start working on the next round or when to begin recruiting for needed positions. Time Horizon There are two time ...

Focus Kills Companies

Tuesday, April 22nd, 2008

One of the more common words overheard at board meetings is “focus”. It always seems like the right thing to say and it’s a basic tenet of marketing strategy. Heck, even the military covets it as one of the fundamentals of warfare. But, for start-ups, focus can be deadly. In ...