Tour America founder tells start-up owners to hold on to equity

Gillian Nelis

Managing Editor @gnelis
18th March, 2018
Mary McKenna, chief executive of Tour America

Entrepreneurs should avoid giving away shares in their new business unless they absolutely have to, according to the chief executive of the successful travel business Tour America.

Mary McKenna, who survived a near-fatal car accident in 2004 and who now employs just under 50 staff in Dublin and Cork, said giving away equity in the firm she founded 23 years ago was her biggest business regret.

“When I’m mentoring entrepreneurs now, I always tell them not to do...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Content is king – just ask Netflix as rivals attempt to steal its crown

Tom Maguire: Tax changes we make now could help business for years