Should you include your sweat equity in a business plan?

By Dave Berkus

Investors love it when entrepreneurs draw little or no money from their startups.  It extends the cash available for research and other necessary fixed costs and gives the fragile, young company more “runway” to get to breakeven.

What are you worth to the business?Read the rest

My dad said: “Never take on a business partner.”

By Dave Berkus

My dad was a smart businessman, even if not formally trained. He occasionally gave me advice that turned out to be more than wise, looking back at subsequent experience and events.  His personal teaching event was a typical experience, as I reflect now upon the tens of partnerships I have counseled over the years. … Read the rest