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The infrastructure of your company is the ideas it was built on. Don’t do what governments do with their infrastructure. You should budget to constantly maintain and improve the intellectual capital that forms the basis of your company. There is much discussion over the need to raise taxes to pay for the maintenance and improvement of the nation’s infrastructure. But there would not even be a discussion now if governments had planned for maintenance and improvements at the time the initial investments were made. Similarly, even great ideas get stale in an economy where customers are always looking for the next new thing. So you need to Continue Reading →
Starting a technology company may be rewarding, but there are a lot of considerations. Tech companies’ ideas are routinely stolen and re-purposed; they often must rely on other people during the development process; they may require a lot of capital (especially companies that will produce a tangible product); and building a company that outlasts the founder requires substantial planning. Let’s address these issues in several posts: protecting your assets, establishing and managing relationships (the subject of this post), attracting capital, and exit planning. Establishing and Managing Relationships The adage that “it’s not what you know, it’s who you know” definitely applies to technology companies. It is very unlikely that you will be able to Continue Reading →
Here’s an article in Forbes titled “Can Entrepreneurship Be Taught?” It discusses, among other things, getting an MBA in entrepreneurship. I’m sure entrepreneurship can be LEARNED, but I am very negative on getting an MBA with the objective of being TAUGHT entrepreneurship before you begin the journey. Look at all those letters after my name. I have gotten a LOT of accredited education. But was it essential to me being an entrepreneur? Not one bit! It’s not that I think teachers are incapable of imparting knowledge, it’s just that entrepreneurship requires things com-p-lete-ly distinct from what you get in an accredited Continue Reading →
The Purpose of Argent Place Law
Argent Place Law, PLLC serves businesses and business leaders in matters of business law, intellectual property law, and succession planning. Business law issues include contracts with customers, vendors, and partners as well as corporate law and corporate governance. Intellectual Property law issues include filings and strategic licensing for trademarks, patents and copyrights, and how to manage trade secrets. Succession planning incorporates business planning for an equity sale or asset sale as well as the integration of the business succession plan with personal estate planning through wills and trusts.