Entering into a lease for physical space may be one of the larger financial commitments the start-up will make, and it can either support growth or threaten financial survival.
CHICAGO (PRWEB) October 14, 2018
Great startups may fail for any number of reasons. Perhaps the founders are great at certain critical functions but fall down on others. Perhaps funding is simply inadequate, though that too may be traced back to a lack of experience and expertise with respect to a specific area (in this case, the finance function). Regardless of the reason for failure, the fact is that it is very difficult to turn a product or service into a business is hard, often because the creative entrepreneur with the great idea does not have the same level of skill, training, experience, and passion in the other critical areas required to turn the idea into a successful company.
There are many decisions that are critical to the success of the business, some of which naturally fall outside the expertise of the entrepreneur. Direction around items like attracting and retaining key people, accounting and finance, and being able to negotiate various contracts can make or break a young company. This Financial Poise BUSINESS ADVICE – FROM START UP TO SALE 2018 webinar series will provide the information necessary to make these critical decisions.
The second episode of the series, Negotiating a Commercial Lease, airs on October 18th at 2:00 PM CST (Register Here) and features Moderator Cristina Nolan of Financial Poise. She is joined by Stacey Birndorf of Transwestern and Howard Kline of The Law Office of Howard F. Kline.
Your company has customers and needs room to grow - perhaps to accelerate production or to so there is a more professional place to meet with customers than the local coffee shop.
Entering into a lease for physical space may be one of the larger financial commitments the start-up will make, and it can either support growth or threaten financial survival. Access to adequate space, suitably located, zoned and equipped, fitting within budget, can be a challenge.
Should the startup lease or sublease, or even buy? Is a shared office arrangement suitable? Or can you get by as a virtual company with everyone working from home? If you lease, should you retain a broker? Do you err on more or less space? Must the founders sign personal guarantees?
The BUSINESS ADVICE – FROM START UP TO SALE 2018 webinar series is produced by Financial Poise.™ The final episode in this series is "Negotiating and Drafting Cash Collateral/DIP Financing Orders," which airs on November 8th. Each episode airs at 3:00 PM CST. All episodes premiere live through West LegalEdCenter and then are made available on-demand.
As with every Financial Poise Webinar, each episode is delivered in Plain English understandable to investors, business owners, and executives without much background in these areas, yet is also valuable to attorneys, accountants, and other seasoned professionals. And, as with every Financial Poise Webinar, each episode brings you into engaging, sometimes humorous, conversations designed to entertain as it teaches. Each episode in the series is designed to be viewed independently of the other episodes, so that participants will enhance their knowledge of this area whether they attend one, some, or all episodes.
About Financial Poise™
Financial Poise™ has one mission: to provide reliable plain English business, financial and legal education to investors, private business owners and executives, and their respective trusted advisors. Financial Poise™ content is created by seasoned, respected experts who are invited to join our Faculty only after being recommended by current Faculty Members. Our editorial staff then works to make sure that all content is easily digestible. Financial Poise™ is a meritocracy; nobody can “buy” her way onto the Financial Poise Faculty.™ Start learning today at https://www.financialpoise.com/.