In this episode of Amplify Your Business, host Lance Johnson interviews Doug McCullough, partner at Crady Jewett McCulley & Houren LLP. Doug shares valuable insights about entrepreneurship, from overcoming the hesitation to take the plunge, to navigating legal pitfalls and startup team dynamics. He also discusses the complexities of cross-border expansion, especially for Canadian businesses eyeing Texas, and emphasizes the importance of legal counsel when entering new markets. The conversation wraps up with Doug offering guidance on how business owners can prepare an exit strategy, as well as the importance of incorporating personality into sales and marketing.
Topics Discussed:
- Entrepreneurial pitfalls
- Cross-border expansion challenges
- Legal considerations for startups
- Expanding into the Texas market
- Preparing for exit strategies
- Embracing personality in sales and marketing
Doug McCullough
Partner at Crady Jewett McCulley & Houren LLP
Website: CJMHlaw.com
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00:00 – Introduction and Background of Doug McCullough
02:49 – Overcoming Common Entrepreneurial Pitfalls
07:06 – Addressing Roles and Expectations in Startup Teams
09:51 – The Importance of Legal Advice for Entrepreneurs
14:46 – Considerations for Cross-Border Expansion
18:50 – Starting a Subsidiary vs. Acquiring a U.S. Company
23:28 – Expanding into Texas: Opportunities for Canadian Businesses
25:28 – Navigating Political and Geopolitical Changes
32:30 – Embracing Sales and Marketing with Personality
38:57 – Preparing for an Exit Strategy
44:56 – How to Connect with Doug McCullough
45:18 – Outro and Closing Remarks
