Comments on: Startup Advice (Again) http://joedrumgoole.com/blog/2008/01/14/startup-advice-again/ Ace King, Check it Out! Mon, 01 Dec 2008 19:06:21 +0000 http://wordpress.org/?v=2.6.5 By: jdrumgoole http://joedrumgoole.com/blog/2008/01/14/startup-advice-again/#comment-28414 jdrumgoole Wed, 22 Oct 2008 13:07:10 +0000 http://joedrumgoole.com/blog/2008/01/14/startup-advice-again/#comment-28414 To the best of my knowledge CORD is not taxable income. However I am not a tax consultant, nor do I work for revenue, so caveat emptor. To the best of my knowledge CORD is not taxable income. However I am not a tax consultant, nor do I work for revenue, so caveat emptor.

]]> By: Fred Herrera http://joedrumgoole.com/blog/2008/01/14/startup-advice-again/#comment-28413 Fred Herrera Wed, 22 Oct 2008 09:54:55 +0000 http://joedrumgoole.com/blog/2008/01/14/startup-advice-again/#comment-28413 Joe, Do you know if CORD is taxable? No one seems to know or want to know. Thanks, Fred Joe,

Do you know if CORD is taxable? No one seems to know or want to know.

Thanks, Fred

]]> By: Ian Snipper http://joedrumgoole.com/blog/2008/01/14/startup-advice-again/#comment-26691 Ian Snipper Fri, 18 Jan 2008 14:10:01 +0000 http://joedrumgoole.com/blog/2008/01/14/startup-advice-again/#comment-26691 And I know it sounds obvious but don't forget to have a plan in place for when the CORD grant runs out after the first year. Time moves very quickly and while you are focusing on the development, marketing and sales it is easy to forget about your cashflow and how much your own salary will add to your burn rate. And remember the County Enterprise Board will provide up to €75k for working capital in redeemable preference shares and this could tide you over until you get your seed cash in. This is in addition to CORD. Once you have about three months done on your incubation program and a basic business plan in place you should go for this. EI will probably take these shares over eventually but CEB are used to that. And I know it sounds obvious but don’t forget to have a plan in place for when the CORD grant runs out after the first year. Time moves very quickly and while you are focusing on the development, marketing and sales it is easy to forget about your cashflow and how much your own salary will add to your burn rate.

And remember the County Enterprise Board will provide up to €75k for working capital in redeemable preference shares and this could tide you over until you get your seed cash in. This is in addition to CORD. Once you have about three months done on your incubation program and a basic business plan in place you should go for this. EI will probably take these shares over eventually but CEB are used to that.

]]> By: Bernie Goldbach http://joedrumgoole.com/blog/2008/01/14/startup-advice-again/#comment-26690 Bernie Goldbach Fri, 18 Jan 2008 08:46:46 +0000 http://joedrumgoole.com/blog/2008/01/14/startup-advice-again/#comment-26690 May I add this tidbit: You need to insist on a CORD grant. State enterprise agencies sometimes constrain the flow of this money by tagging on cumbersome terms and conditions to the release of CORD funding. I do not believe that should be the advisor's prerogative. May I add this tidbit: You need to insist on a CORD grant. State enterprise agencies sometimes constrain the flow of this money by tagging on cumbersome terms and conditions to the release of CORD funding. I do not believe that should be the advisor’s prerogative.

]]> By: Eoghan McCabe http://joedrumgoole.com/blog/2008/01/14/startup-advice-again/#comment-26684 Eoghan McCabe Wed, 16 Jan 2008 18:45:46 +0000 http://joedrumgoole.com/blog/2008/01/14/startup-advice-again/#comment-26684 Great stuff. One-man-show critical-path point is killer. I think about this every time I run down the steep stairs outside my office. Great stuff. One-man-show critical-path point is killer. I think about this every time I run down the steep stairs outside my office.

]]> By: Lenny http://joedrumgoole.com/blog/2008/01/14/startup-advice-again/#comment-26681 Lenny Tue, 15 Jan 2008 11:30:35 +0000 http://joedrumgoole.com/blog/2008/01/14/startup-advice-again/#comment-26681 Good Post Joe, We are enrolled on the EI Transformme program which is available for anyone along the border counties. Good Post Joe,

We are enrolled on the EI Transformme program which is available for anyone along the border counties.

]]> By: Paul Campbell http://joedrumgoole.com/blog/2008/01/14/startup-advice-again/#comment-26677 Paul Campbell Mon, 14 Jan 2008 23:56:45 +0000 http://joedrumgoole.com/blog/2008/01/14/startup-advice-again/#comment-26677 Powerful stuff Joe. Plain and simple. Thanks for posting this. Powerful stuff Joe. Plain and simple. Thanks for posting this.

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