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Susan Payton, founder and president of Egg Marketing and Public Relations, says startups are like
babies. They require a lot of nurturing and you best know what you are in
for before deciding to have one. Writing at Small Business Trends, Payton
lays out four reasons to not launch a startup:
1. Money Burns Like Kindling
2. The Learning Curve Is Tough
3. You May Kill Your Co-Founder
4. The Competition Beats You to It
Daunting enough? For those who recognize the dangers but still feel
they have what it takes to weather the early days of a startup, Payton does
provide some helpful tips. For example:
How to Keep Your Friend and Make Money: At the outset of your startup,
determine what each of you will do. What are each of your strengths? What will
you each be responsible for? It’s a good idea if one of you takes the CEO role
and can make executive business decisions. Make it clear who has what
authority. Stay in constant contact, and don’t let aggression build up. Go out
for beers together every once in a while.
Read the full post here.
Posted
02-17-2011 10:13 AM
by
Graham Griffith