Do More Faster summary

Humans are social creatures. Don’t forget that when you build your company!

Never try to start a business by yourself. There are a few reasons why it’s not possible, even if you have all the necessary skills.

What do you prefer: making decisions in small or large groups? If you’ve experienced both, you probably know it’s usually easier in small groups because they’re more flexible.

You might assume that large corporations have an edge on you, but that’s not necessarily true. Large companies have a major drawback in efficiency: bureaucracy. Their bureaucratic procedures make them slower to adapt to any changes in the market. After all, they have multiple departments and management layers, so it harder to keep everyone on the same page. Start-ups are completely different.

You have to present yourself the right way if you want to attract investors. So make sure you’re what they’re looking for!

Investors invest when they’re convinced a start-up team can successfully execute its idea. There’s no hard-and-fast rule here, but investors usually look for people with passion, intelligence, empathy and natural leadership skills. When you meet with an investor, tell anecdotes that demonstrate these qualities in you and your team.

Are you familiar with business law? If not, don’t worry. You only need to know a few things for now. In fact, there are only two really important legal issues you have to address in the beginning.

First off, what’s your company’s type? In the United States, there are three general types of corporate forms: S-Corp (small business corporation), C-Corp (regular or “classic” corporations) and LLC (“limited liability corporation”). They’re all taxed differently.

Work can be a lot of fun if it revolves around your passion. But don’t forget that life isn’t just about work!

Maintaining a healthy work-life balance is important for two main reasons. The first one is: if you work too much and don’t give yourself time to recharge, you’ll eventually burn out, which might put you back at square one.