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business pitch
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10 Ways to Create a Successful Business Pitch

Recently, the term "business pitch" has become as popular as the term "startup." A pitch is essentially a business plan that one presents verbally to potential investors of a business. A shorter summary of the complete pitch is an elevator pitch. The startup owner has to clearly explain the business opportunity to the investors, so...
Small business grants
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Top Small Business Grants for Women and Minorities

For an updated list of grant programs for women and minorities available in 2021, please click here. Funding a small business can be quite the undertaking, whether you’re starting a new venture for the first time or have decades of experience in your industry. Of course, securing capital is often necessary, but depending on what...
venture capitalist
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How Venture Capitalist Diane Yoo Chooses Her Startup Investments

With so many entrepreneurs and startup ventures seeking investment opportunities, it’s crucial that venture capitalists (VCs) create a list of criteria they want their potential investments to meet. Of course, every VC dreams of investing in a business that can grow into a billion-dollar unicorn company, but these instances are few and far between. As...
veterans
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5 Things Veterans Should Know About Starting a Business

Pursuing a second career after leaving the military can be challenging, which is why a growing number of veterans choose to become entrepreneurs. A 2018 study by the the Small Business Administration (SBA) Office of Advocacy reported that there were over 379,000 veteran-owned employer businesses in the U.S., and overall, 6.8 percent of all employer businesses...
loan scam
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Don’t Fall For This Small Business Loan Scam

A business owner looking for a deposit for a building he wanted to purchase says he wound up losing $1,200 to a loan scammer, according to a complaint filed on the Better Business Bureau website. He’s not the only entrepreneur who has reported being ripped off while trying to find financing. The “BBB Scam Tracker is...
financing request
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4 Tips for Writing a Standout Business Plan Financing Request

One of the most important elements of a business plan is a financing request, or the amount of funding your business is requesting of potential investors. Many entrepreneurs may worry they are asking for too much money, while others may not feel totally certain about the future of their company, especially nowadays. This leaves the...
microlending
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4 Key Reasons to Consider Microlending to Fund Your Startup

Among the financing solutions available to startups and small business owners, microlending is one of the more accessible. Also known as microcredit, microlending has been gaining popularity in recent years – and for good reason. Keep reading to learn more about microlending and why you should consider this option to fund your startup. What is...
Monica Wheat
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Life of Purpose: Detroit’s Monica Wheat Strengthens Startup Ecosystem with Equality and Inclusion

A strategist, educator and venture developer, Southfield native Monica Wheat has dedicated her career to venture capital, but what truly sets her apart is her dedication to improving Detroit’s startup community and making it more inclusive to women and girls. When in high school, Wheat attended camps to learn about career options. That’s where she first...
women angel investors
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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),...
creative financing
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7 Creative Financing Options for New Businesses and Startups

It takes money to make money. But financing isn't always easy — especially if you're the proud founder of a brand new business. Traditional banks and financial institutions set a high bar for borrowers. They want to see years in business, consistent revenue and excellent credit scores, and those are things that most new businesses...
female founders
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Female Founders, Get Funding Now with These 4 Alternatives to VC

In 2019, venture capital investment into U.S. startups nearly doubled from $88 billion to $144 billion. So, while it comes as no surprise that 2019 was also a record year for female founders securing these dollars, many would be shocked to learn this funding amounted to a mere 3.4% at its all-time high.  It would...
Michigan Venture Capital Report
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What Does Michigan Venture Capital Look Like Today? These 3 Business Moguls Discuss

StartupNation founder and CEO, Jeff Sloan, shares a conversation with Ara Topouzian, executive director of the Michigan Venture Capital Association and RJ King, editor of DBusiness Magazine, on the status of venture capital in Michigan today. Related: WJR Business Beat with Jeff Sloan: Michigan Leads Nation in Venture Capital Investment (Episode 229) Tune in to the Michigan Venture...
small business recovery
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Small Business Check-In: Which Sectors Are Recovering Better and Why?

March 2020 was a month no business owner will soon forget. The country was locking down, and our small business clients were struggling to understand the rapidly changing news cycle, a patchwork of local ordinances and vast changes to customer demand. Over the next several months, small businesses were forced to make the hard decisions...
e-commerce business loan
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Traditional vs. Alternative: Which E-Commerce Business Loan is Best for Me?

E-commerce is the future of retail. E-commerce sales in 2020 accounted for 14% of all sales in the country, and it’s estimated that there will be 2.14 billion global digital buyers in 2021. Every e-commerce business faces unique challenges, such as stiff competition, online compliance, delivery, lead generation and conversion. To overcome these hurdles, you...