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Author Archives: Dave Berkus
BERKONOMICS HAS MOVED TO BERKUS.COM
Thanks for reading BERKONOMICS. All posts and all new posts have now moved to https://berkus.com/berkonomics Email subscriber have already been redirected. New graphics. Much more content. Videos. RSS feed subscribers, please change your feed to https://berkus.com/berkonomics-rss/ or https://berkus.com/feed (for raw … Continue reading
Posted in General
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Can you be liked while being tough?
People argue over whether an entrepreneur with a sense of fairness, a desire for collegiality, a want to share the profits can succeed in the long run within a business world full of lions and tigers that eat timid entrepreneurs … Continue reading
Startup intoxication!
There is nothing quite as thrilling in business as igniting a startup and watching it blossom. Especially when starting a company with personal savings or money from relatives and friends, early signs of success are intoxicating. Each new customer, each … Continue reading
Posted in Ignition! Starting up
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Find your rock in Ensenada!
Have you found your special place to think strategically without interruption? I found mine on a rock in Ensenada, Mexico years ago… But I am ahead of myself… Every entrepreneur has that moment of truth – the one that marks … Continue reading
Ever receive worthless advice?
Ever get bad advice? Sure. We all have in our past. Ever take that advice without question because the person giving it was an investor, a superior in rank, the chairperson of your board? I’ll bet you have at least … Continue reading
Should you find a business coach?
Does this resonate with you? The CEO position can be a lonely place, especially when you find yourself in a position of not being able to bring an issue directly to the board and not wanting to explore solutions with … Continue reading
I’ve been sued as a board member.
I’ve been sued as a board member too many times over the past twenty-five years of board service. Five times. Does that shock you? It does me. What’s the exposure? Here are some examples: Entrepreneurs blaming their board for failures … Continue reading
Are you expecting too much from your board?
Expect a board member to give a meeting a month, emails and phone calls between. Urgent issues require more of all. Of course this is a tricky question. You might expect the answer to be “as much as necessary” or … Continue reading
How do you pay an early-stage board?
Give one percent equity to each outside board member vesting over two to four years of service. Many early-stage CEOs and board members have asked for some guidance regarding pay and time commitments for board members. Here is my best … Continue reading
No surprises! Good advice for all of us.
First, keep your manager or board informed regularly. Most all leaders new to their position underestimate this time requirement. It is good for the company when you share concerns, threats and opportunities with your superiors or your board. The rule … Continue reading
Posted in Protecting the business
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