Over the past few weeks, we have both outlined what the investment entails, and gave our recommendations for how the funding can make an impact at secondary education programs. This week, we will be dissecting the second area of focus on the list, and giving our recommendation for what we believe would be most beneficial to entrepreneurs. According to the Indiana Economic Development Corporation, this includes

For the past few months, we have been discussing the questions companies should consider when initially considering a joint venture or merger (see Part 1, Part 2, and Part 3). In our final installment of this series, we will go over what questions will help determine the financial health of a prospective business partner’s company.

Earlier this summer, Governor Mike Pence proposed a $1 billion investment in Indiana innovation and entrepreneurship. Outlined in his proposal were six main areas of focus for the investment to go towards, as outlined in last week’s post and further elaborated on by the Indiana Economic Development Corporation (IEDC) here. This week, we will be dissecting the first area of focus on the list, and giving our recommendation for what we believe would be most beneficial to future entrepreneurs. As stated by the IEDC, this includes:

In July, Indiana’s governor announced a proposed $1 billion injection into Indiana innovation and entrepreneurship. The announcement was made at the Eighth Annual Innovation Showcase, hosted by Venture Club of Indiana, and sponsored in part by Gutwein Law.

It takes a lot of hard work and dedication to build your own business. When the time comes, you may like to keep it in the family. Having a succession plan in place will ensure that the legacy of your business will live on in accordance with your wishes. As you begin thinking about your options, you may come to the realization that your children aren’t yet ready to take over the business. This raises a number of additional questions: What will happen until my children are ready? What if they aren’t interested? What will I do if they aren’t?