Posts Tagged ‘Funding’
8 Smart Tips to Soliciting Friends and Family Funding
It’s great to start with a big dream as you contemplate a new business, but finding the money you need takes more than dreaming. As an advisor to young entrepreneurs, I find that many are a bit naïve about how the investment process really works. For example, I just read an otherwise impressive business plan…
Read More3 Strategies for Bootstrapping from the Beginning
While choosing to forego outside investment can leave your business more susceptible to the ups and downs of the market, it can also be exhilarating to be in complete control of your professional destiny. Your ascent into the upper ranks of your industry may be slower than if you were bolstered by outside funds, but…
Read MoreWhen You Should Seek Financing for Business Growth
Growth is the lifeblood of every young business. Yet sometimes it seems too risky to take out finance to take your company to the next level. So what are the signs that you should seek to borrow? Your customers are spending more Growing your business doesn’t simply involve taking on new customers: you may find…
Read MoreHow to Secure an SBA Loan for Your Business
Small businesses are having an easier time obtaining credit than before thanks to the current economy. According to Small Business Trends, 25.2 percent of small businesses in December 2017 were approved for loans by large banks. This represents a 0.1 percent increase over November and a 1.3 increase compared to 2016. But while this may…
Read MoreWhy Personal Credit Matters When Funding Your Business
Once you register your business as an LLC or a corporation, it begins building its own credit score. This doesn’t render your personal credit score irrelevant, though, because it takes some serious time and revenue for your company to stand entirely on its own. If you have a poor credit score, that can cause problems…
Read MoreTake These 3 Funding Myths with a Grain of Salt
Funding your business isn’t difficult, but acting on poor advice makes the process unnecessarily challenging. Your friends and family will support your vision, but there’s no guarantee they understand what it takes to fund a business. To get funded, you need to distinguish the difference between encouragement and business advice. Identifying encouragement vs. advice When…
Read MoreStarting a Business in 2018: Preparation and Pointers
At the close of 2017, countless people will take a look back at the year behind them and begin making resolutions for the year ahead. For some, that means leaving their old job behind and going into business for themselves, and for others it means starting a gig on the side. For others, still, it…
Read More13 Small Business Grants You Need to Know for 2018
Running a small business is a lot like powering a car, and the only way to keep it moving down the road is to fuel it. Capital and funding are the fuel that drives small businesses, and your financial strategies can be the difference between opening a second location in the new year or laying…
Read MoreEverything You Need to Know About Financing a Rental Property
For the longest time, real estate has been an ideal choice for many investors in the U.S., whether for personal or business investment. When you own investment property you enjoy many benefits. There is immediate cash flow in the form of rental income every month, it provides an excellent hedge against inflation, and offers long-term…
Read MoreThe Essential Guide to Family Member Loans
Family loans are loans between relatives and family members. For some, borrowing money from a relative is a better option than taking a loan from a bank. With family loans, the borrower is not restricted to use the funds for a particular purpose, the rates and terms are typically better, and since family members know…
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