The Daniella & Derick Show

The Derick and Daniella Show is your top podcast for business, finance, and personal growth. Join the dynamic duo as they delve into insightful discussions with experts. Get inspired, gain valuable insights, and fuel your entrepreneurial journey.

Navigating startup challenges with Matthew Fornaro

S1 E16 • Jun 21, 2024 • 28 mins

Matthew Fornaro discusses his journey into law, major challenges for startups, the importance of professional relationships, and whether to hire a business law attorney or accountant first. He also covers budgeting, common legal issues for small businesses, and offers advice for tech entrepreneurs and local business support.

Key Points

1. Starting a business requires comprehensive due diligence, including a written business plan and necessary legal documents.
2. Building a team of professionals, such as a business law attorney, accountant, and banker, is crucial for business success.
3. Utilizing AI in business can significantly enhance productivity but must be supervised and controlled.

Speakers

Derick

Host • 28%

Matthew Fornaro

Guest • 72%

Chapters

0:00	Introduction of guest Matthew Fornaro
0:48	Matthew's background and entry into law
2:47	Major problems businesses face when starting up
5:25	Importance of building professional relationships
7:27	Hiring a business law attorney or accountant first
9:01	Relationship with money and business budgeting
11:03	Common legal challenges for small businesses
12:27	Matthew's value proposition and elevator pitch
16:58	Challenges and opportunities in the tech space
21:35	Supporting local businesses and new entrepreneurs

Transcript

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