There are two ways to reward Grunts for business-enabling ideas and related Intellectual property: The first is to calculate the theoretical value of the idea and the second is to provide an ongoing royalty payment (cash or pie) to the inventor. It’s important to remember that ideas without action are relatively valueless, no matter how […]
Continue readingI’m working on version 1.3 right now, the main update deals with the “idea premium”. A number of people can’t get over the fact that I don’t value ideas. I do value certain ideas without which the business wouldn’t be possible. So, now there is a way to calculate the value of an idea… … […]
Continue readingIt is quite common for founders who originated the idea to fret over their ability to “get a little extra” for coming up with the idea for the business.
Continue readingFrom time to time you may want to take money out of your business. You may not want to reinvest in growth or you may need some money for personal bills. For instance, let’s say you and a friend start a T-shirt company and, according to your Grunt Fund, you both have 50% of the pie […]
Continue readingThe Super-Awesome Presentation Zone Program provides a framework for choreographing a business presentation to make it shine.
Continue readingWhen hiring a Grunt for a company using a Grunt Fund care must be taken to set expectations about compensation. It’s important that they understand how a Grunt Fund works and that they are not entitled to cash compensation. Click below to download a sample offer letter for a company using a Grunt Fund.
Continue readingI was passing out promises to deliver outerwear to my customers I had no idea what it took to design a new clothing product, let alone how to manufacturer it.
Continue readingOnly a dynamic equity split provides a framework of fairness and respect for all participants. All other methods are prone to failure in their ability to treat people fairly.
Continue readingIn the book I provide a table of summary calculations. This is a PDF of those summary calculations that you can use as a quick-reference for calculating relative values. You can use it along with the Grunt Fund Calculator or Pie Slicer tool to create your very own awesome Grunt Fund and watch it grow into a behemoth. Click Here […]
Continue readingThere are many things that can repel an investor. Most of them have to do with a faulty business model or lack of a competitive advantage. However, sometimes your business will have real potential but the investor will flee when they take a look under the covers and see how the business is organized or financed during the formation stage.
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