Is It a Bad Idea to Cofound a Startup With a Relative?

No, there are a lot of family owned businesses, or at least there are here in America. Family is probably the strongest bond there is. When emotions like greed and jealousy arise, it’s easier to realize that you’re family. Family sticks together. — Originally posted on Quora. Leonard Kim is Managing Partner at InfluenceTree. At … Read more

Does Failing With Multiple Startups Make a Person a Bad Entrepreneur?

Every single thing that has ever happened in your life is preparing you for a moment that is yet to come. When you win, what do you learn? Nothing. Except maybe how to gloat. Shove something in someone’s face. Have a huge ego. Think you’re king of the world. Stuff like that. Is that really … Read more

7 of the Worst Negotiating Mistakes

Threatening to walk away when your vendor is wealthy. Quite frankly, they don’t care if you leave. They’ll let you walk straight away. Personally, if someone threatened me to leave, I’d tell them I’m going to raise the prices, tell them they have five minutes to make a decision at the price we’re at now, … Read more

10 Avoidable Mistakes First Time Entrepreneurs Make

Failing to plan. Many entrepreneurs feel that if they build it, people will come. This isn’t “The Field of Dreams”. Failing to evaluate co-founders. If your co-founders cannot do their assigned tasks, or even worse, cannot be trusted, then your business is bound for failure. Working with friends. Friends are just that. Friends. Business and … Read more