The Guide to Entrepreneurship

142 ◾ The Guide to Entrepreneurship: How to Create Wealth for Your Company

Do yourself one favor when starting your company. Initially, get the

right people on board to get the product developed, delivered on time, and

secure your initial critical mass of customers. Then, as you gain feedback

from the market, gure out your next hiring needs. Don’t worry about titles;

instead, focus on building an insanely great product. Having too many chiefs

and not enough Indians will burn a lot of dollars and will surely scare away

potential investors in subsequent rounds.

7.5 Accountants and Lawyers

“Half of this game is 90% mental.” —Yogi Berra

Accountants and lawyers are cost centers. Necessary, indispensable, and cru-

cial, but cost centers neverthel ...