When it comes to commercial business loans there are a lot of options. Commercial loan rates and lenders vary greatly, as do terms. Short-term commercial loans exist to help with smaller projects, while longer term loans are available when needed.
Venture capitalists (VCs) have long been seen as the top of the pyramid for startup funding sources, but in fact angel investors now fund over 60 times as many companies, according the Center for Venture Research.
I’ve always wondered who started the urban myth that the best way to start a company is to come up with a great idea, and then find some professional investors to give you a pot of money to build a company.
If running your own small business has been a dream of yours for a while now, is 2015 the year you truly make the happen? Like just about anything else in life, being in charge of your own small business will cost you money, money you may or may not have sitting around.
The time has come. You have your law degree, you passed the bar, and you are ready to hang your own shingle and start your legal practice. You need financing however, because you have to pay for a place to work, insurance, and all those other startup costs that come with starting any business.
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 to avoid at all costs. If you need investors, it’s important that you understand their filters, and even if you are funding your own efforts, you need to recognize the red flags.
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 the popular myth, nobody is waiting in the wings to throw money at you, just because you have a new and exciting business idea.
I’m still just a baby angel, with a lot left to learn. But what’s surprised me most about my foray into angel investing is how much it has taught me about being a better fundraiser. Here are 10 things I’ve learned about fundraising after becoming an angel investor myself:
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.