Philip Greenspun, the owner of six companies gives start-up tips right from making profits to pooling in the required finances, recruiting employees with a profit earning capacity and recruiting an outsider rather than recruiting a top-notch guy.
The tips are based on four strong pillars where you must have cater to the demands of your clients to reap profits, the risks of resorting to venture capitals and the possible options where you can grow slowly without any venture capital or have the capitalists buy some of your shares, it is very important to have people who know how to take-up the P&L responsibility and at the same time identifying outsiders for more stability.
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