Funding a Startup
7 Startup Scenarios That May Be Judged Non-Fundable
If you aren’t willing to take some risk as an entrepreneur, then don’t expect any gain. Yet everyone has limits, and every investor implicitly has similar limits on what makes a startup investable, or one…
How to Start a Small Business Without Ruining Your Credit
Starting your own business is no doubt a noble endeavor. But on the road to becoming a successful entrepreneur, you’ll encounter numerous obstacles that will test your courage, character, and ability to remain focused and…
10 Tried-and-True Strategies for Funding New Ventures
One of the most frequent questions I get as a mentor to entrepreneurs is “How do I find the money to start my business?” I always answer that there isn’t any magic, and contrary to…
5 Steps to Maximizing Your Startup Cash Flow Runway
Cash flow is a basic survival metric for every startup. Investors check your burn rate to assess your efficiency, and project your remaining runway before you run out of money and into a brick wall. Don’t wait until you…
Bootstrapping Your Business: A Reality Check
Philip Soriano has trouble fitting into dress shirts. This, along with his fashion and business experience, informs his role as co-founder of Hugh & Crye, a menswear company. For the dreamers, starting a small business might…
The Right Way to Get Funding from Family and Friends
Most entrepreneurs I know are so passionate about their new idea that they are surprised when family and friends don’t line up to invest in their new venture. Yet they tend to ignore this problem,…
Elevator Speech Part 4: Delivery
So in my last three posts, I’ve written about a simple one-minute business description that every business owner should know, which I’m calling “the elevator speech” because that’s what they call it in a formal…
Are You Getting Your Fair Share of Startup Equity?
I always tell entrepreneurs that two heads are better than one, so the first task in many startups is finding a co-founder or two. You need to find the skills or experience you don’t have…
Elevator Speech Part 2: Why You?
In my post Elevator Speech Part 1: the Market Story I suggested that all business owners should be able to describe their businesses well in a single measured minute. The formal elevator speech is a reference…
How to Match Your Startup Stage to Investor Interest
Time is too precious to waste trying to close a deal with the wrong investors at the wrong time. Luckily, not all investors are looking for the same thing, so it pays to know what…
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