How do you convince investors that your business model will really work, before you have a revenue stream that exceeds your expenses? Even if you are bootstrapping your business, and you are the only investor, you should be asking yourself the same question.
If you have bad credit you may think there is no way you can start your own business. This isn’t really the case at all. Of course it may be a little harder, and you will have to be diligent in managing your finances.
Angel investors and venture capitalists are looking for startups with real products and a proven business model, ready to scale. Yet I still get too many business plans that clearly are looking for money to do research and development (R&D) on a new and unproven technology.
We’ve all been there. You start talking about creating your own business and the ideas start flying out of your mouth. The problem with that is moving forward and getting those ideas to become something a bit more substantial.
Small business lending is a chameleon. Constantly changing, the small business lending landscape has gone through a lot of twists and turns since the dawn of the Recession, doing more 180s than Shaun White on a snowboard.
Whether you want to increase sales, introduce a new product, launch your services in another city or country, or venture into a different line of business, you will have to spend a substantial amount of money.
Small Biz Club is the premier destination for small business owners and entrepreneurs. To succeed in business, you have to constantly learn about new things, evaluate what you’re doing, and look for ways to improve—that’s what we’re here to help you do.