If you are think about starting a new business in the San Francisco Bay area, we recommend you obtain some advice from experienced local entrepreneurs who have been there and done that. Who better to learn from in this neck of the woods than the good old Grateful Dead?
As former local budding entrepreneurs in the Haight-Ashbury district of San Francisco in the mid-60s, and contemporary businessmen still starting new ventures in one form or another – despite the loss of their inspirational leader Jerry Garcia over 15 years ago, the “Dead’s influence on the business world will turn out to be a significant part of their legacy,” according to the publisher of the just-released book Everything I Know About Business I Learned From The Grateful Dead, by business scholar Barry Barnes, Ph.D., professor and chair of leadership at the H. Wayne Huizenga School of Business and Entrepreneurship.
The Management Secrets of the Grateful Dead have also been written about in another book recently, so perhaps the time has arrived for the corporate world to take a closer look at the long-term global success of this unique and thriving enterprise built on talent and passion and a lot of hard work.
Some of the key points Professor Barnes makes in his book are:
- Creating and delivering superior customer value
- Incorporating and establishing a board of directors early on
- Founding a merchandising division
- Giving away your product for free to increase demand
- Learning do-it-yourself business by in-sourcing
- Creating a business tribe by collaborating with fans
Though you can learn much from business books about local San Francisco-area start-ups like Grateful Dead Productions, Apple, Oracle, and other Silicon Valley success stories, there is also quite a bit of important legal and financial decision-making required that the advice from a book cannot really help you make. Your new company has many unique real-world factors that all need to be considered as part of your educated and philosophical approach to business, in order to reach the best decisions for it.
Building a business from scratch by yourself can be very rewarding. It can also be an expensive process when you learn from your mistakes, especially if they involve the IRS. If you are planning to create a new company, or are already in the process of establishing a new business in or near San Francisco, the Law Offices of Connie Yi, P.C., is uniquely qualified to provide corporate legal counsel, financial advice, and accounting services to help you develop a secure foundation upon which you can meet your goals for growth.
Connie Yi is a California business incorporation attorney and a Certified Public Account. Her background at a Big Four accounting firm prior to starting a law office, brings an additional level of hands-on experience to the decision-making process regarding corporate structure, finances, and tax liabilities. If your new business has a need to lease an office or other type of facility, or perhaps purchase land and/or a building, Connie is also a licensed real estate broker, so you can benefit from her experienced insider knowledge of that industry, as well.
To schedule a free consultation about starting a new business, please contact us. For your convenience, we have four conveniently located offices in the Bay area: San Francisco, San Mateo, San Jose, and Pleasanton.