I Have An Idea For a Product. Where Do I Start?
Welcome to video Fridays from The Start Up Garage A place where Tyler Jensen, The Startup Garage’s founder, answers questions directly from viewers Key Take Aways From Video: 1. You want to start is with your research, specifically around the industry, market, and competitive analysis. 2. For the industry research, you want to know the […]
Exclusive Q&A With The Founder Of The Startup Garage
Tyler the founder of The Startup Garage and previous founder of Vavi Sports and Social Club spoke exclusively with George Meszaros of Success Harbor. Success Harbor is a podcast, “where it’s all about making success happen for you.” To listen to the complete audio with additional entrepreneurial insights please vist: Tyler Jensen Success Harbor Podcast […]
How to Allocate Friends and Family Capital
The most important principle of startup fundraising that every entrepreneur needs to know is: raise enough capital to achieve a set of milestones that will allow the company to attract the next round of investment. The use of your initial friends, family, and founders (FFF) capital should be directed towards achieving the milestones that will […]
Building a High-Tech Startup Team
Aligning the Startup Team Strategy with the Capitalization Strategy The single most important factor to raising capital for any tech startup is the management team. This is true for early stage funding as well as venture capital funding. A bonafide team is the assurance that the idea can be executed and that the business can […]
A Tech Company without a CTO is like a Bakery without a Chef
Every Tech Startup Needs a Chief Technical Officer Many entrepreneurs of successful tech-based companies do not come from tech backgrounds. However, the biggest mistake that a non-tech entrepreneur launching a tech business is to neglect bringing on a tech savvy co-founder on the management team. This is like a bakery or restaurant launching without a […]
The Importance of an All-Star Management Team
The most cited answer among investors – and perhaps the most underrated factor among first time entrepreneurs – is the startup team. There may be a need for your product or service, the market may be enormous, your business model may be attractive, there may be few competitors in the space, and you may even […]
Hiring an Independent Contractor or Employee
It is important that you know the difference between hiring an independent contractor vs. an employee so that you can determine which is best for you and your business. Before reviewing the pros and cons of each, start by gaining an understanding of the differences between the two: Independent Contractor Operates under a business name […]
What to Consider When Starting a Company With Your Spouse
Starting a business can be a risky endeavor (quitting your job, spending your savings, good potential for failure, and the list goes on). Starting a business with your spouse can be even riskier when you consider your shared finances, your retirement funds, your relationship, your mental health and happiness. Before you risk everything, ask yourself […]
Top 5 Questions to Consider When Building A Management Team
Before brining on a new manager, ask yourself the following questions: 1. Does the person fit into the company’s culture? Company culture is basically defined as the values and practices shared by the company’s employees. A company’s culture should be aligned to its business goals and therefore, the management team should also be aligned with […]
What is in a Business Plan: Management Team (Part 10 of 11)
Time For Completion: Approximately 20 hours This section describe the team that will help you succeed in building your business. To write this section a considerable amount of time and energy will need to be spent or have been spent on researching and building relationships. Whats in it? The business plan should include a statement […]
