As stated in
Part 2 of
this series, a business’ capital strategy is both
directed by the market strategy and leadership
team required to carry out the strategy as well as
directing to the market strategy and team. A
solid capital strategy is based on understanding where you are and
where you need to go.
The first step in developing a capital strategy is to
know
your revenue projections. If you had the money and
team you need, what can you sell and when? In developing a
market strategy the...
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"A champion is someone who is ready when the gong rings - not just
before, not just after - but when it rings."
-Jack Dempsey
Tooting your own horn, ringing your own bell...We've decided to
bang our own gong.
Welcome the newest fixture to the Alerding Castor Hewitt office,
the official New Client/Wrapped Mediation Gong.
The litigation and transaction teams didn't have a celebration
worthy of new business, so partner Michael Alerding came to me with
the idea to buy a ship's bell to ring for each...
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The Alerding Castor Hewitt faithful braved the chill and the rain
of Saturday, April 16th to participate in the 2011
Susan G. Komen
Race for the Cure. We're proud to announce that the team
surpassed its goal of raising $1000 to assist the Komen
Foundation's mission to end breast cancer forever and had a
fantastic time walking in downtown Indianapolis.
We'd like to send a big 'Thanks!' to those who donated to the
team's efforts and share a special 'Way to go!' with the team
members, along with...
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It isn't often that business law firms have the opportunity to
really celebrate the success of clients. Typically, the day
to day is more about filing regulations with the SEC, setting up
corporations and the like with the IRS, and drafting contracts,
agreements and subscriptions.
Always out to break the law firm mold, Alerding Castor Hewitt,
along with KSM Consulting, had the privilege of hosting a launch
party for our client,
Gauge Telematics, last
week to both honor their success to date and...
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I have said it a million times since learning the lesson myself in
a failed entrepreneurial effort a couple of years ago, the CEO of
any entrepreneurial venture must understand the importance of
managing cash flows and how to use cash flow analysis for the
strategic growth of the company.
Trust me, I am all into the Six Sigma approach of throwing a couple
of innovators together, rolling out a v1 product as quickly as
possible, and slowly scaling the company from hobby phase to a
successful...
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Your friendly neighborhood litigation attorney at Alerding Castor
Hewitt, LLP with a final post for the year to all of our business,
Indiana internet litigation, and technology law
clients. Saturday, December
25th will no doubt be a date of celebration in many
homes. As you spend time with your
family, remember how special the day is and all of the changes that
have taken place in the last 20 years.
Some of you might wonder what I mean exactly. I’m not referring to Christmas. And for those...
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It has been said a million times already on this blog – a CEO,
especially one which is seeking funds from private equity
investors, needs to understand finance. Often a basic
knowledge of sources and uses and cash flow analysis is enough, but
in many early stage investment rounds, savvy investors expect the
CEO to know the company's internal rate of return (IRR) - and
why it matters.
I meet many entrepreneurs who have served as VPs or middle managers
before embarking on their entrepreneurial...
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Alerding Castor
Hewitt, LLP is a business law firm that works with many
technology start-ups in their formation stages and in assisting
with the legal aspects of dealing with private equity
investors.
The entrepreneurial spirit of our clients is inspiring, and I am
looking forward to attending
Techpoint's 2010 Innovation
Summit that will be held in downtown Indianapolis today.
An annual event that Alerding Castor Hewitt is proud to sponsor, it
will feature keynote speaker Nicholas Carr who is a...
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Next week I am moderating the plenary panel at TechPoint’s
Innovation Summit entitled
Funding Innovation.
Check it out:
TechPoint
Innovation Summit
Also check out the
sponsors page. I
counted today, and
nine Alerding Castor
Hewitt clients are sponsors of the Summit. That is
awesome.
This year’s panel members represent private equity investors, angel
investor groups, successful entrepreneurs and grant funding
organizations which look for funding and investment opportunities
in Indiana...
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I guest lectured at Purdue’s Entrepreneurship Capstone course again
last week. I love it – for an hour I talked about my
experience in entreprenuerial law, business law and funding law to
Seniors in Purdue's entreprenuership concentration program on
issues consider when structuring a new company. Honestly, I
thought I had them bored out of their minds (yes, there was that
one Greek letter wearing frat guy who was asleep about 10 rows
back), but I was impressed when we got to the Q&A time...
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Alerding
Castor Hewitt, LLP is a law firm that does a
substantial amount of legal work with clients in SaaS law and as
technology legal counsel. So much so that we were asked to
contribute to
Corporate Blogging for Dummies, a
best practices book that our friends Douglas Karr and Chantelle
Flannery were approached to write.
As a law firm that utilizes blogging to reach our current and
potential clients, the Alerding Castor Hewitt, LLP website was
featured as an example within these pages....
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I was reminded today of something told to me by a friend last
year:
Good people who are smart
ask good questions
Bad people who are smart ask bad questions
Good people who are not smart ask bad questions
In business we are always looking for answers – but what we
really want are good answers. Today the issue is never
whether we have enough data (we arguably have too much), it is
whether we can properly utilize that data to make better
decisions. I see this especially in my Internet Law /...
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Something that women and/or minority
business owners may want to consider is registration with the
Indiana Department of Administration Minority and Women's Business
Enterprises Division to become certified as a minority-owned or
woman-owned business.
Established in order to give such businesses an equal opportunity
to participate in the state purchasing process, the criteria
considered for such certification include that the minority/woman
member possess:
- ownership of the business (at least...
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This
morning I attended the
Techpoint event: What it Takes
to Lead a Successful Entrepreneurial Venture Today and was
reminded of some fundamental leadership qualities that I see in
many of the successful business owners we work with as a business,
entrepreneurial and information technology law firm.
Speaking today were Daniel DeHayes, a Professor Emeritus of
Business Administration with the Indiana University Kelley School
of Business and Delphia Croft, the Managing Principal of...
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The post below is fantastic. It is by Michael P. Alerding,
CPA (my business partner's father) at his accounting firm's new
blog site. He gave me permission to re-post it here (thank
you Alerding & Co.). Check it out:
Alerding & Co. BlogWhat Happened to Business
Ethics?
By: Michael P. Alerding, CPA
Every time I get a contract to sign, I find it almost impossible to
spend the time reading the fine print and trying to understand all
of the future implications of the agreement. As my son,...
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One of my favorite movie scenes is from
The Jerk.
Navin Johnson is working at a carnival guessing peoples
weight. He is talking to Frosty, his boss:
Navin R. Johnson:
[bleakly] I've already given away eight pencils, two hoola dolls,
and an ashtray, and I've only taken in fifteen dollars.
Frosty: Navin, you have taken in fifteen dollars
and given away fifty cents worth of crap, which gives us a net
profit of fourteen dollars and fifty cents.
Navin R. Johnson: Ah... It's a profit deal. Takes
the...
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There is a great article in the July-August edition of the Harvard
Business Review entitled
The Early Bird Really Does Get the
Worm. The article summarizes a study which found a
correlation between "morning people" and career
success. This is based on a number of traits which are
commonly found in morning people.
Traits
Agreeable
Optimistic
Stable
Proactive
Conscientious
Satisfied with Life
Being a morning person, of course I loved this! Most days I
am the first in the office. I love getting...
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Be
prepared: I'm going to get on a bit of a soapbox. I
read a recent article at WSJ.com entitled "Using Social Networking
as Legal Tool" (
Linked Below). There is
nothing wrong with this article. It very succinctly and
pleasantly explains how certain law firms are using social
networking and the Web to find clients for high-value plaintiff
cases. And I don't disagree with that approach. As an
attorney posting on a blog, I too hope to use social networking to
get business, and would be...
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I'm going to cheat a little on this. I read a great blog post
by Jeff Ready over at the McStartup blog (www.mcstartup.com).
The blog post is all about the importance of radical
innovation. I have a place in my heart for radical innovation
because I believe that in the legal community, we are the radical
innovators. ACH strives after its goal to be an information
technology law firm, a venture capital law firm and a business law
firm, but we go about it in a way that is radical to many...
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Your
friendly neighborhood technology counsel here: As you likely
know, my goal is to become THE Indiana technology lawyer;
however, technology is not my only area of interest. Like
many of the folks at Alerding Castor Hewitt, technology law
is a passion, but we all strive to be a full service law firm for
all businesses. Thus, in addition to tech stuff, I also
litigate matters for several banking and business clients.
And, as any good lawyer does, when I see changes in the law
that may...
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