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There are some different opinions on the rate of failure of small businesses, but most analysts agree that greater than 90% of businesses fail in their first 5 years. I am always reading stories focused on how a new entrepreneur can join the elite 5-10% that doesn’t go under. However, just because your business doesn’t close down and can afford to keep the lights on after five years, doesn’t mean it is out of hot water yet. Once you have found a market and some paying customers, what can you do to increase your revenues and profits?
According to an article I read recently on entrepreneur.com, there are only few ways to exponentially increase the value of your company in a relatively short period of time.
- Win a government contract. The US government is the largest buyer of goods and services in the world. Requests for proposals require a lot of patience and up-front research and work. But once you win a contract, you are not subject to the level of competition you typically face in the outside markets. (more…)
MWR Legal (www.MWRLegal.com) has teamed up with the Texas Entrepreneur Networks (www.txenetworks.com) to offer business growth and funding consulting to our clients. Hall Martin is the Founder and Director of the Texas Entrepreneur Network and a past Director of the Central Texas Angel Network, and has connected hundreds of entrepreneurs with investors and other resources to accelerate the growth and success of high-potential companies throughout Central Texas. MWR Legal will be working directly with Mr. Martin to comprehensively consult with our clients on the range of issues affecting entrepreneurs and their companies, including targeted business planning, market positioning, team and advisory board developments as well as funding and exit strategies, with the express goal of supporting MWR Legal clients’ growth and success. This collaboration will add to MWR Legal’s unique combination of legal expertise and real world entrepreneurial experience.
Business Consultations are provided through MWR Legal, and access to Mr. Martin’s experience, expertise, and networks are a value-added service for MWR Legal clients. (more…)
When you decide that your business needs to raise money, and you decide to approach outside investors, there are some critical legal issues that you should be aware of. After 32 years of legal experience and working on well over 100 private and public offerings, I have observed that certain issues often get missed, even by the sophisticated investor. There are many important considerations, and certainly more than 5 legal “things to consider”, but here are the ones that seem to recur.
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I’ve always been fascinated by time travel stories which often deal with the possibility of alternative histories. In the typical story line, a time traveler journeys back in the past and accidently changes the course of history. The potential outcomes are fascinating. What if the South prevailed during the Civil War? What if the Germans in WWII had successfully completed their nuclear research and produced the first atomic bomb? What if Monica Lewinsky passed up that opportunity to work as an intern in the Clinton administration? I would surmise that Al Gore would have been elected President in 2000 and a gentlemen named Barack Obama would be a fairly obscure junior Senator from Chicago. And so on. (more…)
