Your time is valuable. Balance the work of product development and team development.
High Contrast
Your time is valuable. Balance the work of product development and team development.
Understand cash projections and funding options is critical.
Understanding technology now can help you scale your capabilities later.
This will allow the value to grow outside of your estate and protect the wealth that you have already generated from what is usually a riskier investment.
Look for research and development credits. Research can often be a large component of startup. Certain R&D expenditures may be eligible for a tax credit. While the credit is often related to income generation, there are exceptions and elections that can provide a benefit to organizations that are not yet profitable.
Owning a business takes a certain confidence and grit. All owners are different, but all face similar challenges. Our business ownership lifecycle ebook shares insights gleaned from helping business owners face these challenges head on.