University Startups and Spin-Offs : Guide for Entrepreneurs in Academia

CHAPTER  14

Moving Past the Startup Stage

The prospect of having to micromanage their company’s taxes, accounting, payroll, and sales calls and handle all the other unpleasant byproducts of entrepreneurship is often a turnoff for students and researchers. Whether they are good multitaskers is another question. A world-class entrepreneur should not waste time filling out a tax return that an accountant could complete for $100. But to reach the point that you can delegate all the support tasks, you need to understand what it takes. The first stages of entrepreneurship are yours and yours alone. Doing everything in the beginning does not mean things will always be that way. It is important to realize that your venture will graduate from bootstrapping ...