What single business-related question should every young founder ask themselves tomorrow and why? The following answers are provided by the Young Entrepreneur Council (YEC) is an invite-only organization comprised of the world’s most promising young entrepreneurs. 1. What Is That One Thing? As a founder, you’re likely doing dozens of things at once. A good way to get yourself to focus is to ask yourself, “What is that one thing we can do to move the needle?” Then be sure to prioritize that “thing” within the company. – Jeff Epstein, Ambassador 2. Have My Employees Signed Invention Assignment Agreements? Investors often primarily invest in the intellectual property of a company. They will insist that anyone who has done work for the company has signed an invention assignment agreement, making it clear that the work product belongs to the company. For most startups, it’s the top legal priority. – Doug Bend, Bend Law Group, PC 3. What’s My Exit Strategy? It may sound odd to ask about how you’ll exit the business you’re thinking about founding, but it’s absolutely critical. It determines how you need to grow your business. If you expect to be out in five years, you’ll need […]

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