Insights of a Maverick Investment Banker_Sample

SEVEN PITFALLS TO AVOID WHEN BUILDING FOR SALE
the door, or dictating a pay rise. Build job descriptions and
procedures as soon as they crystallize. Even write a procedure for
writing procedures.
Hold the keys. The owner should, as long as possible, control
key functions: strategy, innovation, marketing, financing. Brands
and intellectual property need to be protected and ring-fenced
from the business, so a frivolous lawsuit cannot deprive you of
key components of your enterprise. This is easiest done through
an asset holding company, incorporated in a high-security, lowreporting
jurisdiction, such as Nevada. Your tax advisor will
know.
“Hold the keys”
The owner should,
as long as possible,
control key functions:
strategy, innovation,
marketing, financing.
One Person Show
All companies start that way and many remains stuck at the
level of being a founder-dominated organization. It is a natural
start, as typically the founder represents the brains, heart and
work ethics of the organization, until his values become wired
into the culture of the company.
The founder is often a driven man or woman, who will
accomplish the task of five to ten employees. The owner’s cheap
labor makes the early company profitable and self sustaining, and
the start-up will not have the scale for a while and be able to
afford to pay the staff that would have to replace them.
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