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THE FOUNDER’S FIX

The Real Reasons Most Start-Ups Fail

The statistics have always been scary. Depending on how you want to define a “startup” and “fail”, the cards are stacked against them. Just two years ago, for example, the failure rate of startups was around 90%, of which 21.5% failed in the first year, 30% in the second year, and 50% in their fifth year. (Investopedia, 11/9/20)

The real question, though, is why they fail. Figure that out first, then attack the problem.

Here’s the answer in article form, and here’s the answer in an Infographic.

-Alex Gertsburg, Esq. 

THE LEGAL FIX

Controlling What Your Employees Do After They Leave: Use of Restrictive Covenants in Employee Contracts

Employers put much time and effort into both the recruitment process and onboarding of new employees. Hiring good people is essential in growing both new and established businesses.

But problems can arise after some employees leave, for whatever reason. Many employers neglect to define the responsibilities of ex-employees as they do for their current employees — even though an ex-employee’s actions may have significant ramifications for the business. Without proper restrictions, ex-employees can walk away with confidential business information, use it to benefit a competitor, and reveal what they choose about all aspects of your business.

To learn more about adding effective post-employment restrictive covenants to employment agreements, please read here.

-Louis J. Licata, Esq.

 

THE DEAL FIX

Our Latest Engagements

Gertsburg Licata currently has buy-side engagements (i.e. we are searching for sellers) in the following industries:

  • Real Estate
  • Real Estate Property Management
  • Real Estate Brokerage
  • CPAs and Accounting Firms
  • Franchise Auto Dealerships
  • Used Auto Dealerships
  • Manufacturing
  • Cybersecurity
  • Insurance
  • Printing
  • Software
  • Home Delivery Service
  • Home Health Care
  • Assisted Living Facility
  • Sewer and Plumbing

For additional details on these opportunities, please visit our website. Question? Contact Mike Callam for additional details.

THE TALENT FIX

Active Searches with Gertsburg Licata Talent

We’re currently recruiting for several key management positions.

CHECK THEM OUT HERE >>

General Manager

Marketing Manager

Sales Manager

Are you prepared to navigate the tight labor market? Demand for top talent is high and it’s more important than ever to have a competitive recruitment strategy in place in order to compete for the best candidates.

Contact us to discuss your executive talent needs and how our unique process can help identify and secure the right employees for your leadership team.

CEO CONFIDENTIAL

On Leadership and Loss

This week on CEO Confidential, Alex chats with Traci Miller, President and Founder of Color 3 Embroidery. In the episode, Traci dives deep into her personal and professional experiences and how they turned her world upside down. However, her passion and focus for her brand allowed her to bounce back even stronger. Lend an ear to this episode because it is quite different from the rest.

Listen now or download for later.

THE RANDOM FIX

Unplugging from the Matrix

Just before last year’s election, I got really sick of listening to my friends complain about their political opponents on Facebook. It occurred to me that social media was like stepping outside and listening to all your neighbors yell their obnoxious opinions at you while you just stood there and said “tell me more”. (Facebook, Twitter and Instagram in particular; I can’t stay mad at you, LinkedIn). 

So I decided to experiment with a 90-day social media fast.  I would refuse to check Facebook, etc., until after the inauguration. Very quickly, I felt a renewed sense of peace, calm and serenity, and found a whole lot more time on my hands that was otherwise spent doom-scrolling.

I never looked back. I have barely checked any social media for a whole year. I love it, and I highly recommend it.

If you haven’t tried a social media fast, give it a shot. It’s fantastic.

Meanwhile, check out this insane podcast series called Rabbithole. (Hint: we’re living in the Matrix and YouTube is the giant alien species sucking out our lifeforce and replacing our realities with polarizing video recommendations. So good, in a hopelessly-apocalyptic-kind-of-way.

-Alex Gertsburg, Esq.

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