Mentors

Latest

How can I convince people to join my start-up?

2:00AM | Wednesday, 27 February 2013 | Tony Faure

Your colleagues probably feel secure in their current jobs, and you should probably give up trying to persuade them.

Should I trade equity for a financial leg-up from a friend?

10:15PM | Monday, 15 October 2012 | Tony Faure

You need to decide if you really need a co-founder – and, if you do, whether the person with the money is right for your business.

How can I ensure that my business remains nimble as we grow?

7:00AM | Tuesday, 17 July 2012 | Tony Faure

You're quite right to be worried about remaining nimble. Procrastination is the enemy of any start-up.

What kind of returns do investors look for in a start-up?

2:17PM | Wednesday, 15 February 2012 | Tony Faure

The only reason for a rational investor to back a start-up is the promise of very strong returns compared with other, less risky options.

Should my mentor have corporate experience or start-up experience?

1:32PM | Monday, 30 January 2012 | Tony Faure

A mentor with corporate experience will be great if the experience he/she has can plug a gap in your collective skills set.

How would you rank the importance of what an investor looks for?

11:58PM | Monday, 21 November 2011 | Tony Faure

This question belies a common myth: that all investors are somehow identical, and want the same things, in the same order. This is just not true.

Can leadership be taught or is it innate?

8:27PM | Friday, 5 August 2011 | Tony Faure

Although people can learn how to lead, it's been rare for me to see someone who struggles to lead transformed quickly into someone who can.

I’m starting up my own online retail business and looking to hire my first employees. Which positions should I be looking to fill first?

6:33PM | Monday, 6 June 2011 | Tony Faure

Great businesses are always run by teams, not individuals – and it's a hell of a lot easier to tackle the lonely world of the start-up with at least one partner.

Should I find a business partner who is a bit more passionate?

3:14PM | Wednesday, 16 March 2011 | Tony Faure

In every partnership, there needs to be a balance between the 'visionary' creative entrepreneurial type and the somewhat more prosaic operator.

Should I re-think my ad-funded model?

2:33PM | Tuesday, 22 February 2011 | Tony Faure

My advice would be to focus on building a sustainably profitable business first, and think about exit options and value second. You should understand whether you can do this on advertising revenue alone.

How much should I be travelling in the early stages of the business?

12:23PM | Tuesday, 7 December 2010 | Tony Faure

There's no definitive answer, but you need to be where your customers are to generate revenue. And you need to be where your staff are to make sure that the day-to-day execution is great.

How can I judge the role a potential investor will play in my start-up?

11:00AM | Thursday, 4 November 2010 | Tony Faure

Ask about your investor’s goals, talk to companies where they’ve invested before, and trust your gut instincts.

How do we form a board?

9:07PM | Monday, 20 September 2010 | Tony Faure

Your board should contain independent directors who are not part of your management team, as well as founders.

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