Controlling cash and credit are important for any small business. However, a growing number of entrepreneurs establishing a startup business can’t answer the three basic cash and credit management questions that most bankers, venture capitalists, and angel investors will ask when considering whether to fund a start-up business.
If your startup is looking for an Angel investor, does it makes sense to present your plan to flocks of Angels, and assume that at least one will swoop down and scoop you up? In reality, hitting large numbers of Angels in multiple locations with a generic pitch is one of the least productive approaches.
In the old days, every entrepreneur dreamed of someday taking their startup public, and making it a multi-national powerhouse. Today the rate of startups going public (IPO – Initial Public Offering) is at an all-time low, and most entrepreneurs avoid this option like the plague, knowing the process is painful, and public company executives are seen as greedy sharks.
Using debt financing to start a new business seems like a no-brainer to many, but there are some who really do not think of starting a new business this way. To some, just the idea of taking out new debt to start a business is enough to turn them off.
As the job market and overall economy in general continue to improve, lenders seem to be beginning to loosen up capital for more and more business loans. Programs designed to incentivize banks to make loans to small businesses, in the hopes that those businesses will then use the cash influx to create jobs, make loans possible even for less-than-stellar applicants.
When you’re initially starting up your company, any investment can feel like a welcome investment. The reality is that not all money is created equal. There are investors you want to attract and others you don’t.
Last month, the Gender GEDI Index—the branch of Dell’s Global Entrepreneurship and Development Index focused on opportunities for women—ranked the U.S. first out of 17 countries as a haven for female entrepreneurship. However, as even the U.S. scored only a 76 on a 100-point scale, it’s clear that there are still challenges facing women entrepreneurs in this country.
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