Browsing Category
Accounting, Finance & Funding
521 posts
Top Fintech Startups in the Midwest 2022
The Midwest is rapidly becoming home to some of the best fintech startups in the country. Chicago, for instance, is becoming a top tech hub for fintech startups, seeing massive growth and funding for its companies. In Columbus, the city’s long history with top banking institutions has created a fertile ground for fintech startups to...
Business Entity Types Affect Financing Options
One of the most important decisions you’ll have to make for your new business is to determine a business entity type. While the topic may seem daunting for new entrepreneurs, establishing a business entity early on is vital because the structure you choose will have financial and legal implications for your business. One of the...
The Best Business Loans to Help with Payroll
When faced with the unexpected, coming up with the capital needed to pay employees on time can be challenging. While it’s important to budget and allocate cash accordingly, financial challenges and unplanned costs are common for all businesses. The good news is, there are a variety of small business lending options that can provide you...
Surprising Money Lessons Entrepreneurs Learned the Hard Way
"What business or money lessons have you learned the hard way?” A question like this calls the attention of entrepreneurs who have gone through difficult times with their valuable business lessons. This question not only garnered engagement but is also listed as one of the greatest pieces of advice we can get from successful entrepreneurs....
What Entrepreneurs Need to Know About the Home Office Deduction
You may see your home office as the place you take important business calls, the place you meet new clients, the place you focus best on crafting your products -- but what about the place you save money on your taxes? The home office deduction can save entrepreneurs a significant sum on their taxes. Here,...
The Importance of a Fractional CFO for Startups and SMBs
Businesses of all sizes continue to live through one of the most turbulent times in recent memory. Those who can quickly make good decisions based on accurate information and sound projections are more likely to come out on top. This underscores the importance of a fractional CFO in startups and SMBs. The economic impact of the...
6 Tips for Entrepreneurs to Successfully Pitch to Women Angel Investors
The stats for women in investing are somewhat bleak. Only 11% of VC partners are women, and as a whole, women angel investors have only reached 22%. On the entrepreneur side, things look better, with over 40% being women. However, things are starting to look up even more. According to the Angel Capital Association (ACA),...
The Ultimate List of Books to Read to Sharpen Your Financial Literacy
Managing your finances should be taught in school. Unfortunately, this is not always the case. More than half of us live paycheck to paycheck. Similarly, nearly one-third of adults have no emergency reserves or savings. This is a recipe for disaster, especially when we’re faced with recession or a pandemic. Solid financial guidance is essential....
Do These 8 Things to Save Your Startup Money
Startup entrepreneurs face some of the toughest odds when it comes to achieving success. With 90% of startups failing — more than half by Year 3 — there’s seemingly little hope for those looking to start their own company. Yet, small business owners are vital to the U.S. economy. These mom-and-pop shops make up for...
Startups and Venture Capital: What Do They Spend Their First Round On?
There are more startups than ever before post-pandemic. As the e-commerce industry continues to boom and work from home remains a trend amongst the corporate sector, more entrepreneurs are using their funds to create new digital startups in a number of niches. However, from staffing to manufacturing, starting a business does not come without its...
What Is Cryptocurrency and Should Your Business Use It?
Cryptocurrency, also known as crypto, is a type of anonymous digital or virtual currency that, unlike other forms of currency, is not backed by any central authority or government. While the currency is not backed by a traditional source, like the Federal Deposit Insurance Corporation or FDIC, crypto is secure thanks to blockchain, an ongoing,...
Have a Startup? Make Sure You’re On the Right Fundraising Path
The following is adapted from "Exit Right: How to Sell Your Startup, Maximize Your Return and Build Your Legacy" by Mark Achler and Mert Iseri. Most of us know Travis Kalanick from his meteoric rise as the CEO of Uber, and his ultimate fall from grace. What most don’t talk about is his obsessive focus...
Business Credit Vs. Personal Credit Reports: Why You Need Both
Personal credit is something you should be familiar with as a business owner. Having good credit, or being "creditworthy," makes getting financing easier when you need it. But do you know what your business credit report is and how it works? Business credit is like personal credit in many ways. But they are not exactly...
Need Cash Fast? Here Are Funding Options for Startups
Whether you are running a tech startup, an app or the next best thing to solve world hunger, pretty much every startup relies on having a strong and stable cash flow. However, with more than 50% of startups failing by their fifth year and 82% of these allegedly failing due to a lack of cash,...
Simple Ways to Establish Business Credit
It's practical to learn how to establish credit for your business. However, before you start applying for loans, weigh the costs as well as the impact on your business. Once you are approved for a loan, there is no turning back. Planning is crucial when it comes to operating with loans. You should consider how...
How Soft and Hard Credit Pulls Affect Your Credit
If you want to apply for the best credit cards on the market, you must have a decent credit score. This means understanding how credit inquiries work. Different inquiries affect your credit score in different ways. But since they play a part in predicting the risk you pose to potential creditors, it pays to know...
Keeping Books for a Small Business … Without Spreadsheets
From side hustle to freelance to startup, keeping track of money just can’t be ignored. This is called bookkeeping, and it helps you know how much money you’re earning, where your business is spending and how much you are making. The practice has evolved somewhat since 1458, when Benedetto Cotrugli standardized the practice of bookkeeping...
Why Startups Make a Mess of Financial Planning (and 4 Tips for Making Things Right)
It doesn’t matter how great your idea for a product or service might be — if you don’t use financial planning to run your business, you will fail. In fact, in an analysis by CB Insights of more than 110 startup failures, running out of cash was the top-cited reason, contributing to 38% of startup...
Award-Winning Finance Expert Shares 5 Financial Musts Before Jumping Into Entrepreneurship
So, you want to start your own business — in which you are your own boss and you’re in control of your professional destiny. You’re mentally ready to become an entrepreneur, but the question is: Are you financially ready? Making the leap from side hustler to full-time entrepreneur is a big move. Yes, you gain freedom...
WJR Business Beat: How Equity Crowdfunding Is Democratizing Startup Funding (Episode 369)
On today's Business Beat, Jeff Sloan explains why equity crowdfunding could level the playing field for diverse startup founders. Tune in below to learn more: Tune in to News/Talk 760 AM WJR weekday mornings at 7:11 a.m. for the WJR Business Beat. Listeners outside of the Detroit area can listen live HERE. Are...