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02/19/2018 - 4:55pm I'm a business attorney that

I'm a business attorney that helps startups as the main part of my practice. I'm not licensed in Michigan (Maryland only), but I've worked for enough for startups over the years to give some general business advice.

Successful founders in the long-term are fanstastic risk-managers. Unsuccessful founders tend to take gambles without accounting for the risk of loss (i.e., Heads - business grows!. Tails - I lose a lot of money). Successful founders put a lot of thought into minimising risk (i.e. Heads - business grows! Tails - I lose a bit of my time, and negligible money.).

With that general principle, here's some specific advice:

  • Market your idea before you think about starting your business. Reach out to your network and see if you can find your first few clients. It won't take a lot of time, and you'll quickly be able to gague whether or not people want your services. If no one's willing to take out their wallet, don't start your business until you find someone who will.
  • Screw paying for fancy websites, business plans, fancy corporate structuring, etc.. when you are starting out. Nothing matters until you have your first few clients and some cash flow. All of these things are expensive distractions. They will be useful eventually, but not right away.
  • Do not quit your job. Having a day job and owning a business are not mutually exclusive things. One of the best ways to remove all the financial risk from starting a business is simply treating the early days of your business as a side hustle. If you get a few clients and good cash flow, go ahead and quit your job. Until then, you're taking a grave risk by jumping in without a safety net. For what it's worth, most of the successful consulting startups that I've worked with take this path to starting their business. Those that jump in the deep-end tend to fail due to a variety of issues (lack of savings, financial pressure, unrealistic expectations, burnout, delusion, etc.).
  • Keep your costs and overhead as low as possible. You can start a consulting practice almost for free. You can get a ton of things free off the internet (business cards, marketing materials, and even websites!). If you can't get them free, barter and exchange your services.
  • Do not go into business with family or friends.

Always happy to chat about startups in more detail.Let me know.

02/01/2014 - 6:00pm Why Posbang?  This isn't good

Why Posbang?  This isn't good for us.  

I wish MSU nothing but fire and brimstone in conference play, but we kinda want them to win out of conference you know.  

04/01/2013 - 12:48am If I remember correctly, Pitt

If I remember correctly, Pitt was up at the half on us.   We only beat them by 5 points, and they were leading for most of the game. 

03/30/2013 - 1:31am Really?  I was under the

Really?  I was under the impression that Florida was basically Wisconsin with better 3-point shooting and athleticism.  

03/22/2013 - 5:45pm Our "good conference

Our "good conference opponents" are doing pretty well for themselves so far.  

Except for Wisconsin.  Fuck them. 

03/04/2013 - 1:59am Wooden

If he wins the Wooden Award, that would be sufficient to enshrine him IMO.  

02/27/2013 - 10:03am hah
hahahaahah
hAHAHAHAHHAAHA

hah

hahahaahah

hAHAHAHAHHAAHAHA

02/26/2013 - 9:15pm These freggin 3's.  

These freggin 3's.  

01/27/2013 - 6:03pm vipbox stream is

vipbox stream is up:

 

http://www.vipbox.tv/basketball/126799/1/michigan-at-illinois--live-str…

12/20/2012 - 8:46pm http://www.ztv.am/easia.html

http://www.ztv.am/easia.html

Not high quality, but all I could find

12/14/2012 - 6:45pm Generally I'm not all

Generally I'm not all up-in-arms about short cornerbacks, but this is a little...

12/04/2012 - 6:25pm That's a pretty nice pickup

That's a pretty nice pickup for Purdue

10/27/2012 - 5:17pm Never noticed but...

Stave's hair is incredible. 

10/27/2012 - 4:46pm In other news, Purdue down

In other news, Purdue down 7-28 to Minnesota

10/20/2012 - 11:57pm Incredible news indeed, but

Incredible news indeed, but good to hear.  Hope he's good to go next week.  

10/20/2012 - 1:19pm For having an offense that

For having an offense that throws ~30 screens a game, Purude is pretty terrible at running them.  

10/20/2012 - 12:59pm Looked like a rugby-punt with

Looked like a rugby-punt with an option for a rush - I think we did something similar under the RR years wtih Mesko

10/20/2012 - 12:21pm Unfortunately, Purdue has no

Unfortunately, Purdue has no O-Line either.  

10/14/2012 - 1:48pm So is this just him wanting

So is this just him wanting to visit other schools, or is he no longer considering Mich at all?

09/15/2012 - 10:32pm 'cause you're going to get 15

'cause you're going to get 15 yards when sparty roughs the punter

09/15/2012 - 3:27pm Missed FG #3 from Cal. 

Missed FG #3 from Cal. 

09/15/2012 - 3:23pm Blaaaaarg awful throw by

Blaaaaarg awful throw by Miller.  Had two wide open recievers on the side of the field he threw on. 

09/15/2012 - 2:38pm Yah.

Went straight for the Cal WR's knees with his helmet - knew it was bad the second I saw the tackle. 

09/15/2012 - 2:13pm Sick sick touchdown run from

Sick sick touchdown run from the Cal RB

09/14/2012 - 7:38pm UTL /w Ohio State instad.

UTL /w Ohio State instad.

06/25/2012 - 11:50pm He was a damn good player in

He was a damn good player in college, and I hope he lands on another team. 

04/12/2012 - 3:24pm Hoke

EDIT: nevermind.

03/21/2012 - 11:01pm Funding muppets anyone?

Funding muppets anyone?

03/20/2012 - 1:42am Some Thoughts...

This was the 2nd Michigan tennis match I've been to (the first being Duke this year), and it was great to get a sweep of MSU.  Overall, the games were much closer than the 7-0 score suggests, with three singles matches going into three sets and the doubles point coming down to a tiebreak.  It was a really good day overall, except for the Spartan fans, who would start "Go Green, Go White" chants in the middle of points during the doubles session.  Most of them left by the start of the singles matches. 

Michigan got out to a quick 4-0 lead with straight set wins from King, Buzzi, and Franks.  The other three matches were much closer, yet all ended in Michigan victories an hour later - all three matches finishing within a minute of each other!

I spent my time watching doubles and #1-3 singles, so I thought I'd give my 2 cents:

#1 Singles - While Evan King played a great game (and hit some sick backhand passes), I was shocked how bad the #1 singles for MSU was playing.  The kid was around 6'4", and hit maybe 3-5 service winners all game.  He did not respond well to Evan King's backhand slice; the MSU kid would often roll it right to King's forehand, and King would rip it cross-court to win the point 90% of the time. 

In fact, every time King would apply any pressure whatsoever, he would win the point due to an unforced error by the MSU singles player.  Couple that with a handful of missed short forehands, and Evan King cruised to a 6-0 6-2 victory in under an hour.   I hate to pick on any player, but that was the worst performance I've seen from a D-I 1st singles player. 

#2 Singles - The MSU player was a consistent baseliner without any big weapons, and gave Bernstein a pretty hard time.  Bernstein won most of the shorter exchanges and used his forehand to overpower his opponent early in the points.  Berinstein's backhand was inconsistent throughout the game, and he was losing most of the longer rallies in the match (especially those with backhand exchanges). 

For some reason, the MSU player did not abuse Bernstein's backhand nearly enough, and he let Berinstein play to his strengths with his forehand.  This is a game that MSU matched up very well in and probably should have won if the MSU player gave any thought to his opponent's weaknesses.  The match went to three sets and was decided by Bernstein's forehand overpowering the MSU player. 

#3 Singles - GRITGRITGRIT.  Petrone was clearly off for most of the match, slightly misfiring on his backhands throughout the day.   I was impressed by the MSU player (nicknamed "Bogey"), who played a very smart counterpunching game.  He was content to play defense and wait for unforced errors and was not afraid to be agressive if Petrone started playing passively and tight. 

As mentioned above, Petrone was down 3-0 in the final set and was clearly frustrated with his inconsistency from the baseline.  Eventually, something clicked, and he began playing a smart agressive game to take the final set 6-3.  In the two times I've seen Petrone play, I've been very impressed by his game.  He can definetely get down on himself at times, but he showed great mental toughness against a solid opponent. 

02/18/2012 - 6:34pm Currently a 42-2 run for

Currently a 42-2 run for Nebraska.  Dear god.

12/08/2011 - 1:41pm From my understanding, our

From my understanding, our coaching staff's policy doesn't disallow Michigan verbal commits from visiting other schools.  They just ask that recruits notify Hoke and Co. before they make an official visit.  The issue with Pharoah Brown was him taking a visit to Oregon without notifying anyone. 

12/04/2011 - 3:00pm Yep.  Leave it to Tampa bay

Yep.  Leave it to Tampa bay to take one of the best power backs in the leage and get 15 yards rushing in 10 carries against the NFL's worst run defense. 

11/14/2011 - 10:27pm Fantastic.  Its practically

Fantastic.  Its practically an 11-minute porno video.  

11/11/2011 - 7:49pm Stream

http://apps.ohlulz.com/ncaa/flash.php?lulz=rtmp://cp136856.live.edgefcs…

Stream link!  Courtesy of "ghost" on umhoops.com

11/08/2011 - 1:00pm About time.

About time.

 

Take it from someone who worked in Residential Housing last year - that place is literally held together by duct tape, boiler room included.  Its almost sickening how much money Residential Housing put into North Quad furniature (thousand dollar chairs anyone?) while neglecting basic repairs for other dorms.

 

/rant

10/08/2011 - 4:02pm This is MICHIGAN!

This is MICHIGAN!

10/08/2011 - 1:20pm via. edsbs -
"Man, this

via. edsbs -

"Man, this Sooners team looks good enough to blow TWO BCS bowl games this year."

10/08/2011 - 1:07pm I bet some thought it meant

I bet some thought it meant something, even if very little.  After this first quarter, clearly it doesn't mean anything.

10/04/2011 - 12:15am Freeman Sneaks for the 4th

Freeman Sneaks for the 4th down conversion, and game over!

24-17 Tampa

10/04/2011 - 12:12am LeGarrette Blount literally

LeGarrette Blount literally drags four Colts from a sure TFL on 3rd and 4 to reach the closest 4th and Inches I've ever seen. 

Play under review, while the Droid Bionic commercial plays for the 30th time. 

10/04/2011 - 12:01am Curtis Painter fails to be

Curtis Painter fails to be Peyton Manning, and the Colts punt with 2:46 in the 4th Quarter (3 Timeouts Left)

10/03/2011 - 11:58pm Ack, my condolences.  =(

Ack, my condolences.  =(

10/03/2011 - 11:57pm Tampa embarks on a clock

Tampa embarks on a clock killing drive, ending in a 35 Yard LeGarrette Blount touchdown run.  Tampa Bay leads for the first time of the night.

24-17 Tampa Bay, 3:15 in the 4th Quarter

10/03/2011 - 11:50pm Freeney and Mathis are

Freeney and Mathis are mauling Tampa Bay's offensive line.  Two holding penalites followed by a tackle for loss make it 2nd and 33 for Tampa Bay on their 10.

EDIT:  And Adrian Clayborn is mauling the colts as well.

10/03/2011 - 11:40pm A high snap and Vinatieri

A high snap and Vinatieri misses wide left from 43 yards.  Despite having Curtis Painter, the Colts are actually moving the ball down the field with reasonable success due to a combination of decent quarterbacking play and horrible Tampa Bay Penalties.

17-17 @ 11:38 in the 4th Quarter.

10/03/2011 - 11:33pm He definetely could have been

He definetely could have been worse so far.  Although his stats are inflated by Garcons 59 yard screen pass, he's hit some really nice throws.  Unfortuantely, he's been alternating them with horrible misses.

10/03/2011 - 11:24pm Tampa Bay converts on 4th and

Tampa Bay converts on 4th and 1 and scores on a 13-yard pass.

17-17

 

EDIT:  Great catch by Austin Colle on 2nd and 10 to end the 3rd quarter.

10/03/2011 - 11:05pm And Pierre Garcon just

And Pierre Garcon just shredded Tampa Bay on a tunnel screen for a 50 yard score!

17-10 Colts

10/03/2011 - 11:02pm I respect your interests, but

I respect your interests, but I really don't find any enjoyment from the game at all.

10/03/2011 - 10:58pm Never cared too much for

Never cared too much for baseball unfortunately. 

I'm from the New Jersey area, and I've been to a handful of Yankees games.  Unfortunately, I've never managed to have fun without drinking myself into a stupor, and I never thought that was a good attitude to have going to a game.