Choosing a cofounder to help you build the startup you envision into a real business is one of the most important first steps in laying the foundation for success. Poorly matched cofounders will have innumerable disagreements, create TONS of unnecessary headaches, and hold back the growth of a business. Yet, despite knowing this, many entrepreneurs don’t put the necessary time and effort into vetting potential cofounders to ensure that the founding team will work well together, complement each other’s strengths and weaknesses, and effectively delegate to build their budding business into a thriving company.
If you’re about to get into bed with a new cofounder, use these tips to make sure you’ll avoid the biggest pitfalls and choose a cofounder who will help you get ahead, not one who will hold you back.
While some may tell you otherwise, a business plan – whether formal or informal – is vitally important to any entrepreneur as he or she begins to move forward with starting and growing his or her business. This video gives a brief overview explaining the basic components that every entrepreneur should include in the business plan for his/her small business or startup.
Hello New Venture Mentor followers. Welcome to our new home here as part of CateCosta.com.
I started this blog giving tips, tricks, and tutorials for entrepreneurs last year and kept it up for a few months but then I set it to the side to focus on some more pressing issues with my clients. Now I’m back and instead of giving all of the goodies to you at http://newventurementor.wordpress.com/ I’ve decided to house the New Venture Mentor blog right here as part of CateCosta.com. It’ll still have the same great info, just a new home.
Thanks for checking us out and I look forward to getting started with the blog again in the near future.
I’m getting super excited to begin my journey exploring Latin American entrepreneurial ecosystems! My adventure kicks off in March in Mexico City, so please let me know if there is anyone I should absolutely talk to and/or any companies or incubators that I absolutely must see.