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Cofounding The Right Way: A practical guide to successful business partnerships

Cofounding The Right Way: A practical guide to successful business partnerships


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About the Book

Jobs & Wozniak, Page & Brin, Ben & Jerry... any list of successful companies seems awash with cofounders who are a match made in business heaven. The benefits are obvious: by combining resources, knowledge, expertise and motivation, cofounders can often build something far more successful together compared to going solo. And yet... two-thirds of startups fail because of disagreements between founders. Why? Because cofounding isn’t as simple as drawing up an agreement and shaking hands on it. In fact, there are seven steps required to build cofounding teams that win and last. Cofounding The Right Way will take you through these steps, one simple step at a time, from finding the right cofounders all the way through to structuring your team, splitting the equity, making sure everyone stays motivated and documenting it in your cofounding agreement. Is a partnership even right for you in the first place? That’s Step No. 1! Get your cofounding team right, and you’ll be in the best possible position to handle any challenge that’s thrown in your direction. Get it wrong and not even the best business idea will be able to survive. Foreword by Mike Moyer, author of Slicing Pie.

Table of Contents:
Dedication Acknowledgements Disclaimer Foreword Preface – My Why INTRODUCTION Is This Book For You? Why Should You Be Interested? The Seven Cofounding Steps How To Use This Book Terminology CHAPTER 1: PARTNERSHIP YES OR NO? Common Partnership Disqualifiers Examine Your Motivation Carefully Checklist CHAPTER 2: KNOW WHAT YOU ARE LOOKING FOR How To Identify What You Are Looking For Cofounders Story On (Correcting) Step 2 How To Find Cofounders What Else to Consider For Your Cofounder Team Checklist CHAPTER 3: PRESELECT YOUR COFOUNDERS Confirm That Everyone On The Team is A True Cofounder Understanding Yourself And Your Cofounders What Happens If? The Essential Ingredients Of Successful Partnerships Concluding Remarks Checklist CHAPTER 4: DATING TIMES High Performing Teams Development Stages Working Style And Personalities Personality Tools Try Before You Buy Checklist CHAPTER 5: GETTING SERIOUS Roles and Responsibilities Conversations To Have Checklist CHAPTER 6: THERE IS A RIGHT EQUITY SPLIT FOR EVERY BUSINESS Just Because You Do Not Speak About It Does Not Mean It Is Not Happening When Is The Right Time To Talk About Equity Split The Right Equity Split Depends On Your Situation The Equity Split Is Not Only About The Business Ownership Selecting The Right Equity Split Is A Life Or Death Question. No Kidding Fixed Equity Split Dynamic Equity Split (DES) Checklist CHAPTER 7: IMPLEMENT YOUR COFOUNDER AGREEMENT The Surprising Fact That Standard Legal Templates Do Not Cover All Necessary Cofounder Agreements Documenting Your Agreement Is Key Here Is How You Do It Focus On Business But Your Agreement Is Not To File And Forget Ready To Implement Your Cofounder Agreement Checklist CHAPTER 8: CHANGES IN YOUR COFOUNDING TEAM Cofounder Is Leaving The Team New Cofounder Joins The Team Other Parties Join The Business Terminating The Business Partnership Checklist CHAPTER 9: THERE IS TROUBLE IN PARADISE There Are A Few Conflict Solutions Options Do It Yourself Asking For Help Implementation Checklist CHAPTER 10: DONE WRONG? HERE IS HOW YOU FIX IT The Typical Pains Maximise Your Chances To Fix It Checklist CHAPTER 11: CLOSING REMARKS About the Author

About the Author :
With one successful and one failed cofounding experience behind her, Jana Nevrlka has spent the past five years learning what’s required to build better business partnerships and applying that knowledge to helping cofounders build successful businesses. Combining her legal and business background with her entrepreneurial experience, Jana writes and speaks extensively on the subject, works as a cofounding mentor for a number of startup accelerators and organises a knowledge sharing platform.

Review :
Before you even start talking to potential business partners, read this book – it is the ultimate start-to-finish guide! A must read for those destined to succeed as entrepreneurs.


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Product Details
  • ISBN-13: 9781784523282
  • Publisher: Rethink Press
  • Publisher Imprint: Panoma Press
  • Language: English
  • Sub Title: A practical guide to successful business partnerships
  • ISBN-10: 1784523283
  • Publisher Date: 24 Jan 2018
  • Binding: Digital (delivered electronically)
  • No of Pages: 264


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