Archive for the ‘Base Camp – Starting Up’ Category

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4 Questions to Consider…

July 31, 2007

by Andy Snow

As mentioned in one of my previous blog’s, “Why Entrepreneurs?”, I have recently changed careers, and am now working for a startup company who was founded by several entrepreneurs and other co-founders. I have come up with four different objects that I look for when working for a startup. I also want to pose the question to blog readers whether or not you have looked for the same things when wanting to work for a startup company?

  1. Has the CEO ever been fired, or how many have gone through the company? Could possibly be indicator that the startup has faced some difficulties in the past and may not be on track to move forward.
  2. What is the burn rate and how much cash is in the bank now? I have found that this question usually will not determine my decision, but an employers answer to this question won’t necessarily provide a clear-cut answer about the ability for the company to access cash, it can open up an interesting discussion.
  3. How many employees did/does/will the company have six month ago, now, six months from now, a year from now? I look at this as a way to find out the competition within the company, and growth projections.
  4. What is the plan for exit strategy and its timeframe? This question could affect not only how long I as an employee may be working for the company, as it is in its form today, but more importantly, the resulting surrounding corporate culture as well.

Please feel free to post to my blog so I can see what others in the startup industry also look for when deciding on a company to work for. This can also apply to larger corporations and firms too.

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The Proper Categories for this Blog – Simple vs. Complete

July 11, 2007

If you had to boil every entrepreneurial topic and every entrepreneurial issue down to ten categories, what would they be? Could you reduce the list to five instead of ten? At what point does simplifying categories have a noticeably negative effect on clarity?

I would like to keep the comments on this blog focused on all topic entrepreneurial but I would also like to keep things simple and organized. I am going to begin by posting roughly 15 categories that should be broad enough to cover most things entrepreneurial. Over the next few months I will monitor the various postings on this site and use your feedback to shift and consolidate where appropriate. I would like to eventually narrow down the topic list to roughly ten and then find one contributing blogger that will be responsible for each specific category (although I would still like to see five or more contributing bloggers working in each category).

Take a minute to review the categories currently in place on this site and please send me your thoughts and suggestions on what should be added / removed / changed etc. Also, when you are posting your blogs, please try to limit the number of categories you choose for your postings to one or two.

Now…let’s get to work!