One Bad Leader Creates a Global Competitor

Some people wondered how Tony became a leader with an executive position at this multi-national corporation. He was prone to lose his temper. He would yell at employees – not even just front-line employees, but other professionals and executives. He was even seen having snatched someone’s smartphone from the hands of a team member and threw…

Continue Reading →

The Hardest Thing You’ll Ever Do…

The Hardest Thing You’ll Ever Do is to start your own company. As you may know, when I started my first startup company way back when, I struggled for years to make it grow. I’d worked for big companies including Honeywell, as well as divisions of GE, and Johnson Controls before I went out on my own,…

Continue Reading →

How to Avoid Losing a Lawsuit – Part 2

Scot Conway Phd JD talks about How to avoid Losing a Lawsuit. Lawsuits are costly, both in Time and Money. Make sure you don’t lose a lawsuit, pay attention to these great tips.

Continue Reading →

Legal Lessons Learned from Wishful Contracting (Part 2)

WHAT WE’VE LEARNED FROM WISHFUL CONTRACTING LLC The legal lessons learned from Wishful Contracting LLC so far may require a bit of reading to get to the key lessons. Just to make sure we don’t miss them, let me review them quickly in a couple of lessons. (to read part 1, click here) LLCs and…

Continue Reading →

Legal Lessons Learned From Wishful Contracting (Part 1)

What We’ve Learned From Wishful Contracting (Part 1) The legal lessons learned so far may require a bit of reading to get to the key lessons. Just to make sure we don’t miss them, let me review them quickly in a couple of lessons. PARTNERSHIP: Never use a Partnership as a form of business. The…

Continue Reading →

Operating Agreements Should Pre-Solve Problems

WISHFUL CONTRACTING LLC After the big mess, the partners all agreed that forming an LLC right should be a priority. They got together and formed Wishful Contracting LLC. They just went online and found an inexpensive, easy way to do it. Boom. LLC. Finally they were protected. Mike, Olivia, Carl and Fred felt they had…

Continue Reading →

Make Your Agreements Beforehand and Write Them Down!

WISHFUL CONTRACTING RESTORING MIKE’S MONEY Fred messed up. Mike wrote a check for $200,000. Everyone agreed that Wishful Contracting owed Mike $200,000. It seemed simple enough. Wishful Contract would keep operating, keep generating a profit, and Mike would be paid back out of the extra profits. It seemed so simple and so obvious that no…

Continue Reading →

Ignore the Lawyer? (Part 2)

What Happens if we Ignore the Lawyer? (Part 2) (To read part 1 go here) Wishful Contracting LLC had gotten in the habit of doing work for Brain University that was outside the scope of their signed contract. They were still an approved vendor, and they were still getting paid. Even though they didn’t technically…

Continue Reading →

Ignore the Lawyer? (Part 1)

What Happens if we Ignore the Lawyer? (Part 1) Wishful Contracting LLC was hired for a major project by Brain University. Carl and Fred worked on the project together, and they even pulled in some extra sub contractors to help with it. Bob, the project leader at Brain University was so impressed with the work,…

Continue Reading →

Four Friends Make Their First HUGE Mistake

THE WISHFUL CONTRACTING PARTNERSHIP Mike, Olivia, Fred and Carl hung out at Mike’s house one Saturday and decided it was time. They had talked about going into business together for a while. Mike had just finished a major project for a client and had a lot of free time just now. Olivia and Carl had…

Continue Reading →

It STARTED as a Great Partnership

IT STARTED AS A GREAT PARTNERSHIP Steve, Robert, Jim and Samantha started a business as equal partners. Each of them brought something vital to the table, so they decided that each would be a quarter-owner. Steve owned a home and had a line of credit, so he put up most of the money to get…

Continue Reading →

The Richest Partner is in the Most Danger

WISHFUL CONTRACTING MANGLES MIKE Mike, Olivia, Fred and Carl started Wishful Contracting as partners. They found out that they should never, ever do business as a partnership for a whole bunch of really good reasons. They decided that they would form an LLC and at the start of next year, they would start doing business…

Continue Reading →

Legal Lessons with Four Friends

THE FOUR-FRIEND DISASTER There are tons of legal issues in business that KILL businesses. Yes, there are plenty of business issues, leadership issues, and decision-making issues that can lead to the death of a business. But a legal problem is a different sort of creature. It can lay dormant in a perfectly healthy business, and…

Continue Reading →

Sometimes It’s Law OR Business

In 1971, an attractive, young woman paused with her six year old son at the doors to his very first martial arts class. Back then, martial arts for kids was a new and fairly rare thing. Now we call those days the “blood and guts” era of martial arts training. As a six year old,…

Continue Reading →

My Personal Investment Nightmare, Part 3 of 3

MY PERSONAL INVESTMENT NIGHTMARE, Part 3 of 3 I was the investor, once. I had done my due diligence ““ except for trusting in the competence of a man based upon his character. Character and competence are two very different things. I had given Ed a month to give me a concrete transition plan. I…

Continue Reading →

My Personal Investment Nightmare, Part 2 of 3

My Personal Investment Nightmare, Part 2 of 3 By Scot Conway, Attorney at Law on May 17, 2016  in Coaching, Failure, Leadership MY PERSONAL INVESTMENT NIGHTMARE, Part 2 of 3 At one time, I was the investor others pitched to invest in their business. I got into a deal that looked good up front. I knew Ed. I trusted Ed. I knew…

Continue Reading →

My Personal Investment Nightmare, Part 1 of 3

My Personal Investment Nightmare, Part 1 of 3 By Scot Conway, Attorney at Law on May 10, 2016  in Failure, Leadership MY PERSONAL INVESTMENT NIGHTMARE, Part 1 of 3 When you see my credentials, you would think I’m a pretty smart guy. Lawyer, real estate broker, Ph.D., author… lots of great looking things on that resume. No matter how smart you…

Continue Reading →

I hate it when I get the call too late.

I hate it when I get the call too late. It’s already gone bad. It’s already a mess. Now it’s a big, big mess that will take me and them working together months, even years to fix – even just to get back to where we should have been. But they waited until it was…

Continue Reading →

Speaking Event: 4/5/16 @ 6:30 PM in Pasadena

Come hear Army Ranger Peter S. Parker speak about how Special Operations taught him the lessons he used to start and run 2 successful Tech Startups Tuesday, April 5th from 6:30 PM to 9:00 PM American Legion Post 13 & NAMI San Gabriel Valley 131 N. Marengo Ave. Pasadena, CA Click Here to Register!

Continue Reading →

No Startup ever failed because the product or service could not be built or delivered. They failed because they failed to build and execute a viable business model. — Peter S. Parker

No Startup ever failed because the product or service could not be built or delivered. They failed because they failed to build and execute a viable business model. — Peter S. Parker

Continue Reading →