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Showing posts from August 6, 2020

You Should'nt Feel Obligated, "Why?"

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 Carthage Buckley  Hi Friends  🌚💱👛 Scott was a client of mine from California. He had come to me for time management coaching.  He was ambitious, intelligent and driven; but he was incredibly disorganised. As hard as he worked, he regularly felt like he was getting nowhere. At the beginning of one of our first sessions, I noticed that he was in a bad mood. When I asked why, he told me that he had just gotten back from a friend’s birthday party in New York. He hadn’t really wanted to go and, he hadn’t enjoyed himself. So, I asked why he had gone and received the following reply: ‘We were good friends who grew up together. We were always close as kids and it is nice to see him. I felt obliged to go.’ When I pushed him further, Scott told me the following: His friend would be home in California at least once a year but they would rarely meet up during this time. They rarely (every 6 months or so) exchanged calls, texts, emails or any other communication. While he lik...

HOW TO FIND & KEEP THE RIGHT BUSINESS PARTNER TO GROW YOUR STARTUP

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HOW TO FIND & KEEP THE RIGHT BUSINESS PARTNER TO GROW YOUR STARTUP By John Paul  🍳🍫☔🌀 To grow a business, you need people with the right skills and experience. But as a #startup, you often cannot afford the kind of pay or salary that may attract and keep such people. That's why equity deals are sometimes necessary. By offering a share of your business (equity), you can often "buy" the loyalty and commitment of good people to your business. But equity deals at the startup stage are like a marriage -- it's for the long term and divorce can be costly and devastating to a young business. So, how do you make sure that a potential business partner is the right person before you give them equity? And how do you value the business to determine how much equity you should offer? Yesterday, I had an interesting strategy session with Nosipho, the newest member of our Insiders community. She is an engineer and CEO of Torque Engineering in Jo'burg, South Africa. During t...