Starting a Company? Here’s How to Figure Out Salaries

Compensation is a multi-dimensional challenge for founders and the first few executives in early-stage startups.

The most important principles to remember as issues present themselves are fairness — including the perception of fairness — and strong alignment between the key stakeholders in the company.

Need a Deal on Consulting? Hire B-School Students

When Project Runway winner Chloe Dao’s national spotlight faded, she needed help, but couldn’t afford a consultant.

Lessons from the E-Commerce Wars

Entrepreneur Jim McCarthy on why online innovations succeed — or fail.

Venture Capitalist Tom Perkins: ‘If There Is No Risk, You Have Already Missed the Boat’

During a recent visit to Wharton’s San Francisco campus, Tom Perkins, co-founder of the fabled Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers, talked about risk-taking, his mentor David Packard, the downside of corporate VC, ethically challenged Wall Street, and networking vs. “cronyism,” among other topics.

Docracy

Docracy is an open collection of legal contracts. It also offers a comprehensive solution for having the documents verified and signed online.

How to Build a 5-Year Financial Model

Every financial model has several parts that need to be put together. It also requires many assumptions, which act as the glue holding the parts together. The model allows us to contemplate what the future of our business will look like, a projection of what might be. Every financial plan needs, at a minimum, the following components, or worksheets:
– Marketing
– Sales
– Cost of Goods Sold … [ Read more ]

Linda Rottenberg’s High-Impact Endeavor

This social entrepreneur pioneered a new model for mentoring startups in emerging markets. Now she’s replicating it around the world.

28 Startup Skills You Can’t Live Without

If you’re thinking about pursuing your own startup business, consider brushing up on these skills, either instead of or as a complement to your ongoing education.

Why Our Thinking about Mentoring is all Wrong

Organizations have simplified a complex term — “mentorship” — into a generic synonym for giving advice. Here’s how we can break that cycle.

8 Essential Tips for Busy Entrepreneurs

As a serial entrepreneur, I know running a small business is hard work, but there are lots of things you can do to make your life a little easier and increase your chances of success. Here are eight that have helped me, and will help you, too.

Two Key Skills Entrepreneurs Should Have

The recent publication of “The Innovator’s DNA: Mastering the Five Skills of Disruptive Innovators” reminded me of two key thinking habits that I have been talking about and teaching for years: observing and associating.

The Art, Science, and Labor of Recruiting

Few entrepreneurs know how to interview a candidate. This document makes suggestions and outlines techniques to evaluate candidates, moving beyond the positive-sounding surface answers to something much more substantive and useful.

How to Sink a Startup

Noam Wasserman, author of the recently released book “The Founder’s Dilemmas: Anticipating and Avoiding the Pitfalls That Can Sink a Startup,” discusses ill-advised entrepreneurial behavior. Also, an excerpt of the book.

Tom Perkins

Why would anyone good join a high-risk startup? Remember, this is early stage stuff. What you need to do is develop the idea, get the risk out up front, then roll the money in and develop the company. At that point, experienced high-profile executives can be brought in.

Why MBA Entrepreneurs Are Happier Than Their Peers

Most MBAs may look for a structured career path, but a surprising number – more than 20% of Wharton MBAs surveyed — became entrepreneurs and found themselves happier than their peers because of it.

How to Pitch Anything in 15 Seconds

A message map is the visual display of your idea on one page. It is a powerful and tool that should be a part of your communication arsenal. Building a message map can help you pitch anything (a product, service, company, or idea) in as little as 15 seconds. Here is the three-step process to using a message map to build a winning pitch.

Linda Rottenberg

Social entrepreneurs are problem solvers, not idealists. We’re driven by innovation, not by charity. And we don’t believe in handouts. We use entrepreneurial strategies to achieve social change.

A Personality Test for Entrepreneurs

Do you have what it takes to become the next Howard Schultz or Mark Zuckerberg? A new book may not only help you answer that question, but also surprise you with new-found self-awareness.

Brad Feld

I strongly believe that a founder should be able to explain what they do in one paragraph. I’m not a believer in the “one sentence mashup approach” (e.g. we are like pinterest + groupon + facebook for dogs). Rather, I like three sentences: (1) what we do, (2) who we do it to, and (3) why you should care. Sometimes this can be two sentences; … [ Read more ]

Jason L. Baptiste

Success as an entrepreneur isn’t being great at one specifc thing, but being able to weave together unrelenting determination through multiple areas of discipline such as formulating an idea, hiring a team, getting press, building a product, and raising money.