Believe it or not, banks are looking to loan out money! Bankers are hired and compensated well to do this very thing. Many business owners experience great frustration when trying to secure financing from banks, but it doesn't need to be that way. Your financial future could heavily depend on having a strong banking partner so consider the following for building a better relationship:
Jeff Hall and I have almost finished teaching another semester of Entrepreneurial Finance at UVU. We've come a long way since the first time I taught the class, which was the first time any such class was ever taught at this University.
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.
I had a lot of fun writing this article for American Express OPEN Forum. Feel free to visit it at:
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:
If you want to sell your business, seller-financing has become an even more common requirement.
Believe it ot not, there are a lot of things your business can do to make the loan request process smoother with banks. The following blog gives a good list of 10 things you can do pretty quickly: http://www.allbusiness.com/banking-finance/banking-lending-credit-services-commercial/10206901-1.html
Private-equity firms have been lulled into a cheap borrowing trap to magnify their portfolio returns. The downside of all of this - their strategy will also magnify their losses.
The huge trend away from public equity towards private-equity has been exciting to watch. According to most business financial consultants, taking a company public has become so cumbersome and costly that most are deterred from those capital markets. Private-equity came in at a perfect time and used some aggressive leveraged buy-out (LBO) tactics.