After attending the CrowdFunding Made Simple conference on May 31st and June 1st, I have gained a new knowledge and appreciation for what has been accomplished so far by the leaders in this industry. I am amazed at the potential growth projected for its future. But more on that in another post.
Most Popular Blog Posts of 2010
There is a lot of talk and content on the internet about "bootstrapping." I had an interesting experience with this just last week. A company is looking to roll-out an innovative business model in a very competitive online business space. One partner in the business wants to grow slowly, gaining customers slowly and using the revenue generated to fund future growth.
Start-Up companies do not need theoretical or impractical advice. They need tips and suggestions that they can easily and swiftly implement to improve their chances for success. In the spirit of this need, here are ten tips in the areas of accounting and finance that they should consider implementing in a hurry:
Short term working capital financing is most commonly facilitated with an asset-based line of credit. As its name suggests, the loan is secured by an asset in the business – usually accounts receivable.
Here is a real situation that has a partnership of four up-in-arms:
Each partner owns 25% of the business. Three of the four partners have stellar credit and decent net worth. The fourth partner had a bankruptcy 4 years ago and does not have much net worth, other than the value of the business, to speak of.
The company has a customer present an opportunity to them to double their business in 12 months. The catch - they will need to buy over $1,000,000 of equipment to capitalize on the lucrative opportunity. Even though the credit markets are tough, this company is able to s
If you want to sell your business, seller-financing has become an even more common requirement.
The SBA exists to get cash, resources and financial help for small business and entrepreneurs (defined as companies with fewer than 500 employees) of America. By every measurable result, they are failing. So, can they be fixed?
An article discusses some of the issues and some suggestions to fix the agency.
The main reason the Fed is cutting rates is to spur borrowing and economic spending. In response, the commercial banks are cutting the prime rate from 5.25% to 5% (USA TODAY, 1 May 2008). This means that the cost of debt for businesses should be on the decline.
However, the credit crisis caused by the collapse of the sub-prime lending market has banks tightening their lending policies.