Start-up and Trust Issue Part 1

Everyone is enthusiastic about building a start-up company with a vision to become a unicorn company. Initially, everything looked easy until one of us became narcissistic. This led the other team members to a trust issue.

Building a company, especially a start-up company is not as simple as ABC. A lot of angles that we need to foresee, not only on the technical side but also management and marketing side. We discussed and split our roles based on proficiency and expertise.

Opening a bank account

The bank is where your sales money gets in. It's super critical, crucial and important for each of the founders to be cognizant and feel certain about the process of opening a bank account. Everyone should be of the same mind on what rules to apply upon withdrawing a fund. Trust me, if you missed this, the trust issue will come and haunt you. Haunt you heavily!

Authorizing recurring expenses

It is kind of normal not to spend if you don't have any money. No money no talk. That's right! But, even if you have the money (not thru sales/invoices), every founder should know and argue if there's something weird going on. There are most likely three funnels that allow you to have the money in. Investment, Capital Injection and Sales are the three that I mentioned.

Sales are most likely to be a transparent activity. The process is quite clear, starting from marketing, then closing a sale and finally executing the service. It will include everyone participating in the process. Hiding something? Someone might know.

But not for investment or capital injection. Especially when you let yourself be a stupid and dumb person to trust blindly without involving in any activity during the opening bank account process.

The problem starts here.

When you are not certain about your company assets such as your bank account, how would you project or plan on your business expenses? The guy that you trust (blindly) with authority would simply become an arousing effect on everybody.

Don't worry! We got enough money to spend on this and that.

What a twit.