FEE: What is Entrepreneurship?

If you ask most people about their impression of entrepreneurship, they might use words like “small business” or “innovation” or describe it as “working for yourself.” Some may go beyond that and paint a picture of an audacious Silicon Valley founder who boldly takes risks and tirelessly overcomes challenges. For others, an entrepreneur is a

Common Pitfalls and Pratfalls of Business Owners

Entrepreneurs are often “big idea” people. They get excited about possibilities and the seeming inevitability of their success. But this mindset may leave them vulnerable if they overlook the details of their business. As a corporate lawyer, I have seen many ways entrepreneurs get themselves into a pickle. Some of those predicaments are self-induced, but

Know Your Worth: Valuing Your Business

Thinking about selling your company? It is paramount to know your company’s fair market value so you can get an appropriate price. Fair market value is typically determined as enterprise value by taking a multiple of EBITDA (earnings before interest, tax, depreciation and amortization), with the multiple being determined by industry norms, which are subject