Make sure you know what you want for your company or you will lose it: “I guarantee it”

A few weeks ago Men’s Warehouse founder, George Zimmer was fired from the company he founded. It turned out he wasn’t the majority shareholder of the company.  That led to his ouster. No matter what kind of company you found, there are a few key points to ensure this doesn’t happen to you (unless you are just in it for a quick turnaround and flip, in which case that’s your exit strategy and what you strive for). ·         When raising money, remember, the probability of having to give up more than 50% to get the money is very high.  That […]