Episode Spotlight

Running a virtual company means finding contributors and partners who might live anywhere in the world & bringing them into your company. The advantages of a virtual company include:

• You can hire the best people without geographic barrier
• Cash preservation allows for limited budget to focus on things like paying salaries and getting a website up

Don is the author of 'Business Without Borders' - a straightforward introduction to the range of issues virtual companies will need to deal with.

Virtual company tips from Don:

• You must manage people using an enormous amt of trust - you can't do it by walking around.
• Make sure you get to know your potential partners & employees very well. You need to hire people by meeting them in person, not remotely.