Corporate & Securities Law

Generate Goodwill Instead of Burning a Bridge

By Ryan

A frequent issue entrepreneurs, myself included, deal with is having to handle negative situations with due care and class so as to not erode startup company goodwill, not to mention other business tangibles and intangibles.

You can create goodwill for your startup company many ways. And most are fairly obvious. But truly great entrepreneurs have the knack for turning potentially bridge-burning situations into positive ones for their startup company.

Click on the following link to read a Craigslist ad that showcases how one startup entrepreneur likely changed a usually negative situation–laying off employees–into a positive one, both for his startup company and the developers he had to lay off:

Three Amazing PHP/MySQL/Perl Developers Now Available - Story

(I must credit the Hacker News at YCombinator for this find…)

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Full post as published by The Startup Lawyer on April 14, 2008 (boomark / email).