Plan for the worst in case you fail

05/16/2013 | Wall Street Journal, The

Startup entrepreneurs need to plan for the worst possible end to their ventures -- though many plan only for the best, writes Lili Balfour, founder and CEO of Atelier Advisors. Balfour recommends getting a solid grasp of your term sheet and obligations during liquidation, along with your finance and revenue model and your exit strategy.

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