Entrepreneur: How to avoid becoming the next Steve Jobs?

Editor's note: http://www.aliyun.com/zixun/aggregation/16434.html ">chris Yeh is a famous entrepreneur and angel investor, and in this article, he shares his 8 tactics with entrepreneurs, To better protect the entrepreneurial fruit of the entrepreneur is not stolen by others.

Friends, I want to say: If you are an entrepreneur, you are likely to grow up to be a famous entrepreneur and have a huge fortune, but it is also possible that you will be kicked out of your own business by a partner or an investor, and end up watching your company fall into the hands of others. Imagine that jobs can be driven out of the apple, so what's your reason for not preventing it?

Now we're going to talk about how to prepare ourselves to prevent a similar seizure in the process of building our own company.

Here are 8 tips for entrepreneurs to think about, because it gives you a chance to keep your seat.

1th recruit: Avoid being raided. The seizure of power usually comes very suddenly, and when the company does badly, the seizure of power may say the company needs change, and when the company does well, they may say that the company no longer needs you. So you need to have a sense of possible sneak attack.

2nd recruit: Prepare for a rainy day, early fortification. The situation will be hard to reverse once you get a surprise attack. So you have to set up your pieces in terms of director composition, corporate governance, etc.

3rd recruit: Clear record all important things. Promises are mostly not credible, especially if there are millions of dollars in investment, the ugly side of human nature is likely to be revealed. I have two good friends because they failed to write out the important agreement, and the partner shamelessly refused to admit it, resulting in the loss of millions of dollars.

4th Recruit: Regular and important members to maintain communication, can develop friendship best. If you don't have a good relationship with your board members, you can only think of yourself as being expelled. Keep in touch with these key people and they will trust you at a critical time, not a conspiracy to seize power.

5th recruit: Do not immerse yourself in the company's past contributions, to be able to continuously create value for the company, so that members think you are irreplaceable. When you stop bringing value to your company, employees may still show respect for you because you are the founder, but the investors are different, the past is the past, if you can not continue to create higher value in the future, then in their eyes you are worthless, can be kicked out at any time.

6th recruit: Take the initiative to protect their status. If you realize that someone may be plotting to drive you, call your own supporters immediately and make the necessary preparations to deal with the emergency. If you have a hunch that the event is about to erupt, you have to take the first step to attack the power of the seizure.

7th recruit: When the seizure of power is happening, do not paste the signature of any documents. Should remember the "social network" in the document to sign the details of it, Eduardo Saverin so confused to hand over their wealth.

The 8th recruit: fierce return. It's best to organize most board members and investors on your side, and take 10,000 steps to win support from major investors. So that you can win.

However, if you do not bother to resort to any of the above 8 strokes, you have the last move can be considered, that is, in court.

But before you put things in the courtroom, you have to be prepared for the following:

1. You may lose, even if you win, you may not get anything valuable

2. You may not need to win a lawsuit. Because if opponents can lose more than you, they will not easily accept the lawsuit.

3. Litigation is also likely to not restore your lost status. Perhaps the best outcome is, after winning, you can get a large amount of compensation, enough for your future comeback or retirement.

It is important to note that these measures do not fully guarantee that you will be able to keep your position in the event of the seizure of power. The only way to be sure that your position is not replaced is to maintain absolute control of your ownership of the company and to minimize the need to absorb outside investment. That's why I encourage founders to step the capital.

Finally, if you're really kicked out of the office, learn to take a step back and be as graceful and successful as Mr. Jobs's return.

Via Techcrunch

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