“You’re at $5 million in revenue. Since we’re in the last quarter of the year, this is the perfect time to do some long term planning,” I said to “Kevin”, a CEO I’m working with. “What did you have in mind?” Kevin asked. “I love to go through the exercise every year of what does…
Years ago, I was invited to a presentation for aspiring startups in the Silicon Valley by a VC firm. My company had just been funded, but I wanted to go to listen to some of the featured speakers. [Do you want to grow your business? Maybe I can help. Click here.] During the Q &…
“When you’re sick stay home. When you’re healthy come to work.” That was the sick policy I had at my company. [Do you want to grow your business? Maybe I can help. Click here.] I didn’t ask my employees to fill out any paperwork. I didn’t have a maximum amount of sick days. And, for the…
Of all the many things I got wrong when I started my company, my original revenue forecast was right at the top of my mistakes. Not only was my forecast off, it was off by a lot. [Do you want to grow your business? Maybe I can help. Click here.] Instead of the $1 million…
A few years ago, I was in the first board meeting for a startup that just closed its initial venture funding. The company’s founder, “Ray”, had been working with me since the company’s inception, and he asked me to be on the board. [Do you want to grow your business? Maybe I can help. Click…
“I want you to meet with Dave,” Mike, the managing partner of the VC fund I was interviewing at to be an Entrepreneur in Residence (EIR) said. “He does most of our semiconductor investments, so it’s important for the two of you to meet.” I was finishing up a long day of meeting with the…
“We won’t talk to anyone you don’t want us to,” “Raul”, a potential investor in my startup, said to me. Do you want to grow your business? Maybe I can help. Click here. I nodded my head. I had already given Raul a list of names, as he requested, as reference checks. In addition, my…
We were in a meeting with an outside business consultant. I was bored stiff and I just want the meeting to end. Do you want to grow your business? Maybe I can help. Click here. Then, the consultant asked a question to our sales managers. The question was, “Who are your customers?” Ken, one of…
“Now you’ve done it,” Ray Zinn, the CEO of Micrel, said to me. Then Ray got up, straightened his tie and started walking out the door. Before he left, he said, “I don’t ever want to have another meeting like this again.” I had been at Zinn’s company for about 90 days as the new…
I was fortunate to be involved with one of the most successful companies ever formed in the chip industry, Maxim Integrated Products. Maxim grew to over $2 billion/year in revenue, with net margins approaching 40%. It was a cash machine. [Do you want to grow your business? Maybe I can help. Click here.] The company…