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How to Quit Your Job and Start a Company

Written by: Guy Kawasaki

Article Overview: Over at the American Express Open Forum I just posted this interview with Pamela Slim of Escape from Cubicle Nation.

How to Quit Your Job and Start a Company

Over at the American Express Open Forum I just posted this interview with Pamela Slim of Escape from Cubicle Nation. In this interview she explains how to quit your job and start a company to change the world. It's a must-read for anyone thinking of taking the leap. http://blogs.openforum.com/2009/05/03/how-to-escape-mundanity/

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Article Tags: american express, blogs, escape from cubicle nation, how to quit your job, leap, open forum, openforum, pamela



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How to valuate a business - Hi Garth - here is how we did it at Northern Crown Capital when I was helping them raise venture capital for Toronto-based entrepreneurs. Assume the start date is 2003 so 2008 projections are 5 years out: How Northern Crown Capital Valuates a Business 2008 Financial Projections Earnings Before Tax $5,865,000 Tax Rate 42% Taxes $2,463,300 Net Earnings $3,401,700 Amount Seeking to Raise Today $3,500,000 Discounted Value of Future Opportunity, 5 Years Out 2008 P/E Ratio 15 Value of Company in 2008 $51,025,500 Discount Rate Applied 30% Year 2008 $51,025,500 Year 2007 $35,717,850 Year 2006 $25,002,495 Year 2005 $17,501,747 Year 2004 $12,251,223 Value of Company at Investment in 2003 $12,251,223 Less: Investment Amount $3,500,000 Present Value $8,751,223 Discount for Risk & Private Company 40% Less: Discount for Risk & Private Company $3,500,489 Private Company Value $5,250,734 Present Value (What the Owner Keeps) $5,250,734 60.00% Financing (What the Investor Gets) $3,500,000 40.00% Total $8,750,734 100.00% I hope this helps!
Seek Venture Capital & Funding - Hello, Greetings from India. I am Seeking Venture Capital for Offshore Software Company Start-up. Need advise along with Business Model Sample. I have a basic outline for an offshore company. 1. Technology - like Microsoft Dot Net, Java, LAMP 2. Talent Team - Found Good Technology Developers. 3. Where I can get the leads/potential customers - Leads have been identified who are willing to move forward offshore projects. 4. I do not have resources like funding. It is a very critical factor to me Industries: Manufacturing, Real Estate, Retail, Insurance, Distribution & Logistics, Healthcare, Industry Associations and Software Product Development, Agricultural Industries and Etc. Services: Offshore Software Development Company. Offices to be located: Hyderabad, Andhra Pradesh, India and USA. Products/Services/Applications in areas like POS & Billing, Sales & Distribution, Production Planning, Material Management, Inventory Control, Plant Maintenance, Purchasing, Accounting and Logistics. Dynamic Web Programming with Database Driven Content Management Systems, Online Stores for E-Commerce, B2B Solutions, Community Portals, Website Redesign and Development, Custom ERP with Enterprise Wide Functional Modules such as Marketing, CRM, Accounting, Inventory Control, Sales & Distribution, Production Planning, Purchase & Stores, Logistics and Supply Chain. Seek your further questions and help. Thank you, Best Regards, Jayapratap.
Re: What to do at the first roadblock? - Quit! JK. You need to make a serious decision about what you plan to do and if you can handle the competition. Personally, I like less competitive niches because it typically means success is slightly more guaranteed, as long as you are sure there is a demand. I would rather pick a niche and dominate it rather than rally it out with the big boys. For example, what if your idea is to start a new search engine? Unless you have some amazing revolutionary new idea, forget it. What about if you wanted to start an online social network just like facebook? Again, your idea won't go anywhere unless you have an amazing revolutionary idea or something.
Hi everyone - Hi everyone.I am Alex,SEO Analyst on XSEO Company.Nice forum.
Re: Should you hire ambitious workers or employees with no goals - According to Guy Kawasaki, he says "you should only hire and keep people that you'd hustle over to and engage in a conversation...Life is too short to work with people you don't naturally like-especially in a young, small organization" ("The Art of the Start" pg 112). I think the reverse is also true and I wouldn't want to work for anyone I didn't like or want to talk to if I saw him/her outside of the office. In addition, Kawasaki also says "Steve Jobs has a saying that A players hire A players; B players hire C players; and C players hire D players...This trickle-down effect causes bozo explosions in companies. If there is one thing a CEO must do, it's hire a management team that is better than he is" ("The Art of the Start" pg 101). Kawasaki's quote is definitely in favor of hiring the ambitious worker, but do most CEO's even have the humility to admit that someone is better than them?


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