Posts Tagged ‘Investors and Lenders’
Top 7 Tips for Individuals Starting a Pharmacy Business
Many people are tired of the chain pharmacies and want more of a personal feeling. With a small, independent pharmacy business, the pharmacists can get to know their clients, and the clients can feel a bit more confident that they are being taken care of. So how does someone start a pharmacy business?
Read More An Overview of Traditional Financing
When you’re looking to raise funds to start or grow your small business, the usual place to start is the bank. Bank financing is a tried and true source of capital for many small businesses. Traditional financing will generally provide the most affordable, if not the easiest, access to the funding your business needs.
Read More An Overview of Alternative Financing
With credit tight and traditional bank loans difficult to obtain, many small business owners are turning to the alternative financing industry to get the funding their business needs. “Alternative” financing can include a wide variety of options, some better suited to certain businesses than others. You should investigate each option to determine which is best for your business.
Read More A Great Product Will Fail Unless You Price It Right
One of the toughest decisions for a startup is how to price their product or service. The alternatives range from giving it away for free, to pricing based on costs, to charging what the market will bear (premium pricing). The implications of the decision you make are huge, defining your brand image, your funding requirements, and your long-term business viability.
Read More 7 (and a Half) Tips to Run a Successful Crowdfunding Campaign
Contrary to popular belief—and the old saying that too many cooks spoil the broth—crowdfunding cooperation is precisely what drives success, and it does this via 7.5 simple steps:
Read More 5 Steps for Calculating Your Startup Costs
You can’t create a realistic business plan without knowing how much it will cost to get your business up and running. If you don’t have an idea of your startup costs, you won’t know how long you’ll have to bootstrap, how much funding you’ll need, how quickly to scale. In other words, without calculating your startup costs, you don’t really know where you’re going—or how you’re going to get there. And your company could fail before you even hit the break-even point.
Read More The 5 Best Ways to Crowdsource for Your Startup
Follow these tips and get set to rock your startup using crowdsourcing! Now you can easily approach your friends on social media networks and direct people to invest in your business and see it grow up day by day. But you can use crowdsourcing in lots of different ways.
Read More How Entrepreneurs Qualify for Funding from Banks
A common question I get is “How do I get a bank loan to fund my startup?” The default answer is that it probably won’t happen, because most banks just don’t make bank loans to startups. The failure rate is just too high, and startups typically don’t have the assets or revenue stream to back up the loan. That’s why Angel investors are so sought after by entrepreneurs.
Read More The Danger of Being Undercapitalized
It’s always exciting to think about the idea of having your own new start up. You hear about stories where entrepreneurs started with just $300 and a cardboard box and then turned their business into millions. In reality, having worked with many types of business owners, the first mistake made by most is simply not having enough capital or access to capital while growing your business.
Read More What’s Stopping You From Starting a Business (But Shouldn’t)?
Many people dream of owning their own businesses, but never actually make it happen. There’s always an excuse as to why: You don’t have the money. You don’t know anything about business. The list goes on and on. But if running your own business is truly something you’re passionate about, any of these obstacles can be overcome with a little effort.
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