The step up from running your start-up in your own name to that of a company is not a small step. You take on extra responsibilities and all of a sudden, things are taken out of your name and are in the name of your company. So what happens when you put money into your company and want to take it out. Do you have any responsibilities there?
When starting a new idea, the hardest thing apart from getting it off the ground is working out a way to fund it. And if we have some funds to get us going, and keep us going, how long will they last? Or even if we are out of the early start-up days, and have received funding from angel investors or venture capital, how do we make the most of this funding? Well, it comes down to the numbers.
When talking to start-ups, the first thing you generally see is the passion the founders have for their concept, idea or product. From discussing the benefits about how it’s a market game changer to the finer points where incremental steps can have a significant impact, we understand that something is driving them to succeed. But this drive to success can often fall apart somewhere along the way.
Often we get so caught up working in our business, that we don’t stop to take a look at how our business is actually performing. You win a big project, and you spend all your time working on it that the actual running of the business goes out the window. Basically, what’s happening is that you have stopped working on your business, and you’re now working in it.