We're featuring advice, opinions, and other useful information from our community of readers on our Insights and Opinions section. For today's Insights and Opinions piece, Scott Edward Walker, a corporate attorney, gives his opinion on the five basic mistakes he sees entrepreneurs making:
I've been doing deals as a corporate attorney for over 15 years, including nearly eight years in the trenches at two major law firms in New York City; and during that period, I have seen certain mistakes made by entrepreneurs (and inexperienced deal guys) over and over again. The five basic mistakes made by entrepreneurs in connection with corporate deals: (1) the failure to diligence the guys on the other side of the table; (2) the failure to build a strong transaction team; (3) the failure to run the negotiations through the lawyers; (4) the failure to check their emotions and to remain disciplined; and (5) blinking first.
You can read Scott's full article here.
posted on Thursday, October 8, 2009
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