Category: Team Building & HR (Page 5 of 7)

How do I make sure people I bring on are “stakeholders” and not just hanging out until they find a good job?

QUESTION:

I want to take my company (tech consulting) from one-man show to a bigger one. I have my business plan and know I can make it – but not alone. I need to scale. I would like to bring in people (VP Business Development, CTO) to help with business development and project execution. How do I make sure these guys are “stakeholders”, in it for the long run and not just until they find a good job? More generally, how are “stakes” granted? Can you point me to a good resource to help me understand this (fully)?

ANSWER: Read More...

Is it worth setting up a Board of Advisors?

QUESTION:

I’m so busy just trying to get my startup off the ground that I’m wondering if it’s really worth the time and effort to set up a Board of Advisors. That’s a huge investment in time that I have to make, plus legal fees. Any guidance would be appreciated.

ANSWER: Read More...

Can I offer limited private stock options lieu of a paycheck?

QUESTION:

I have formed a LLC in Sate of Nebraska in order to pursue a small business idea. My challenge is that they I require certain skills/knowledge that I don’t have. Because my business has $0 value, I cannot yet afford to hire individuals with these skills. I want to form business relationships with individuals with these skills in order to start a business together (“entrepreneurial partners”). Can I offer some sort of limited private stock options to these “entrepreneurial partners” which would increase in value as the company grew, and potentially be sold on the open market years later, if the company goes public? What is this called, and what does it look like?

ANSWER: Read More...

Is it worth setting up a Board of Advisors?

QUESTION:

I’m so busy just trying to get my startup off the ground that I’m wondering if it’s really worth the time and effort to set up a Board of Advisors. That’s a huge investment in time that I have to make, plus legal fees. Any guidance would be appreciated.

ANSWER: Read More...

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