As an entrepreneur you will face many challenges, but, luckily other have undergone through some of the challenges before. To understand the mistakes from others and build a better business foundation considers reading. One of the oldest and still most effective way of acquiring knowledge is via reading. Read numerous books that come in any form. Listen to audio books while in the car, look into online books using your mobile phone or even go to libraries and read books physically. If you can afford buying them, well and good and lucky for you books cone cheap.

Consider the use of this time as wolf hunting in a pack and not a lone wolf. Take time to find out the mistakes from others before you and work around them. There are numerous books that will aid you in comprehending business law in the line of tech. Read as many as possible and apply the knowledge gained in your business. When you finally take hold of the company, make use of the peanut finances by incorporation affordable account services. You can opt for weaccountax online bookkeeping for such services.

The books

22 Legal Mistakes You Don't Have to Make: A Guide for Start-ups, Small Businesses, & Tech Entrepreneurs by Sue Wang

There is no better way than to understand laws involved in start-ups than to learn from Sue Wang who is a lawyer in Washington, DC. She places her interest in technology and renewable interest thus her book is of great insight to entrepreneurs. Additionally to being a key player in entrepreneur events she had assisted in the writing of the Michigan Law Review.

In her book she describes on how to avoid legal mistakes that can damage your company. The book contains practical tips as well as real life examples and advice for all manner and sizes of companies. There are several guidelines written to help avert from common mistake that lead to failure which include;

• The practical tips involved in safely accepting family investments
• The safest and smartest way you can make payment to people with equity
• Two key phrases that should be unspoken from your privacy policy
• The steps towards better reading and understanding of confidentiality agreements.
• The kinds of sneaky scams to be weary of in your company
• The right kind of questions that will help you when hiring a lawyer

The Lean Start-up by Eric Ries

The book also focusses on product development and how one can maximise product gains while minimizing losses and wastes. It is essential on any type of business. It has a basis of five core principles which are;

• Validated learning
• Entrepreneurship is management
• Entrepreneurs are everywhere
• Innovation accounting
• Build-measure-learn

Validated learning seems to be a core principle in which the success of a company lies in its ability to learn from multiple experiments on how the business will be sustainable.

Business Law for the Entrepreneur and Manager by Frank J. Cavico and Bahaudin G. Mujtaba

Laws that govern business change almost every day and one has to be in sync and understand each aspect. Have your ever thought why some companies are under Limited Liability Company (LLC) or incorporated (Inc.) or some under Limited Partnership. As a start-up you need to the most appropriate one for your company. Learn how to legally protect your business plan as trade secret. All of these legal concepts get covered in the book. The book directly provides American elements of the legal system that get practiced in the United States. Start ups in the unites states need to be aware of legal requirements like;

• Contract law
• Crime
• Administrative law
• Constitutional law
• Torts
• Agency and sales law
• Products liability
• Commercial paper