A common misconception about entrepreneurs is that they are wild risk takers.
In actuality, the most successful entrepreneurs are experts at calculating and minimizing risk wherever possible.
Minimizing risk isn't just about protecting your company -- it's about increasing your value and improving your attractiveness to investors.
In this presentation, Mary Juetten, from Traklight (www.traklight.com) and EGFS (www.earlygrowthfinancialservices.com) provide an in-depth look at the greatest risks threatening your company, and how to best manage these risks.
Topics covered include:
- Choosing the best business entity for your company
- What patents really are -- and aren't
- Best practices for co-founder agreements
- Employees v. Contractors - what you need to know
- Risks of crowdfunding
- Avoiding litigation
- And more!
Minimize Risk of losing valuable assets by not protecting or managing them because it seems too expensive or too much work Maximize Value: financial gain through investment, corporate deals, licensing, product development, and improved market position
Please fix formatting and font
Text - #3 – Co-Founder slide with a group of people looking happy – title slide
Slide with sad face or something.
Text - Handshakes = Headaches
#4 – Employee v. Contractor – show a picture with a ton of people in the background
Text - Employee v. Contractor
Add a slide that shows money burning instead of this picture–this will be the time and effort into fines and penalties employees as contractors, including interns
Text - Fines, Penalties (don’t forget interns)
Screenshots of different people’s campaigns with examples of creative perks (t shirts, pre-orders, etc) . Kickstarter’s, IG’s logos. Rocket Hub, Rocket Ventures, Micro-ventures, Prosper Lending, Georgia CF (Business Intra-State Crowdfunding). Take screen caps of those platforms.
Text at the bottom – INTERNET IS PUBLIC DISCLOSURE
Text – Filing for business is imperative – investors, banks, and IRS! Don’t forget to keep records too.
Show a picture of a jail
Text - #9 – Financial Projections
Realistic Detailed Know your numbers!
Picture of books or accounting (not another computer picture)
Is Your Business at Risk? 10 Tips to Manage Risk and Maximize Value
Disclaimer: This presentation is intended to be general information. Nothing in the presentation constitutes legal advice. Please consult with
an attorney before making any intellectual property protection decisions.
Is Your Business at Risk?
TO MANAGE RISK AND MAXIMIZE VALUE
Founder & CEO Traklight
• CEI Incubator Graduate
• Forbes, ABA LegalTech Contributor
• 30 years business experience
• J.D., CPA, CA
• MSNBC, AZ PBS, SXSW V2V,
• SUCCESS Magazine Start Small,
Win Big 2013 winner