Browsing Tag
money
20 posts
Why Fintech Startups Fail (and How You Can Avoid These Mistakes)
Fintechs are one of the hottest trends in the tech industry today. It seems as though everywhere you turn, there’s a new startup trying to get you to open a digital account or use their app to pay for goods and services. These companies are riding the wave of the digital revolution and seek to revolutionize...
Former Ewing Marion Kauffman Foundation President and CEO on 5 Things Every Aspiring Entrepreneur Should Know
The following is excerpted from "Burn the Business Plan: What Great Entrepreneurs Really Do" by Carl Schramm. Copyright © 2018 by Carl Schramm. Reprinted by permission of Simon & Schuster, Inc. All Rights Reserved. Good companies don’t happen overnight Of course, because of the media-driven narrative of entrepreneurial success, many entrepreneurs dream of starting an...
Financial Skills: Actually, There is Accounting for Success
Money is at the top of the list of tough stuff for most entrepreneurs. When a business issue (versus a personal issue) is the core reason for failure, 65 percent of the time it is due to financial mismanagement. If you hold yourself fully accountable, money doesn’t have to be one of your tough topics....
How Cash Flow Can Destroy Your Business (and How to Prevent It)
What’s the most important factor in keeping your business alive? You might think the answer is profitability; after all, as long as you’re making more money than you’re spending, you should have ample resources to keep your enterprise going. However, it’s possible to be profitable on paper and still come up with cash shortfalls, preventing...
20 Ideas About Money and Success That Will Spark Your Creative Genius
If you’re having trouble breaking out of a creative funk, here are 20 inspiring ideas that will help you reframe the way you think about money and success. Starting a business will not automatically improve the quality of your life. Being a beginner is one of the most powerful positions you can find yourself in....
How to Monetize Your Podcast
People love podcasts; they’re consuming more of them each year, and the popularity of podcasts is expected to keep growing. The meteoric growth of podcast audiences over the past five years is attracting advertisers in droves, and podcast advertising revenue is predicted to hit $500 million in 2020. Between devoted listeners and businesses looking for...
Social Finance and Retirement Account Loans
The world of finance for entrepreneurs and startups has gradually been changing since the last recession with alternative lending platforms and programs that illustrate the potential beyond the traditional funding sources. Now that new government regulations are recognizing the economic benefits that the startup boom is bringing, there is more space for new ways to get...
Things Investors Say When Really What They Mean is, “No”
One lesson I learned the hard way as a founder is that investors never like to say “no.” They especially don’t like to say “yes,” but “no” is almost as difficult to get out of them. Why? Well, because they never want to completely close the door on what could eventually be a massive missed...
Financing Options for a Small Business
Finding the Right Funding Financing your business is one of the first critical decisions you'll make. A while back, we were approached by "Brian," an Entrepreneur who started a company with a combination of funds from his personal savings account and credit cards. He was looking for a venture capital investment, but part way into his...
Financing Options for a Small Business
Finding the Right Funding Financing your business is one of the first critical decisions you'll make. A while back, we were approached by "Brian," an Entrepreneur who started a company with a combination of funds from his personal savings account and credit cards. He was looking for a venture capital investment, but part way into his...
5 Tips for Small Businesses Looking for a Loan
A loan may or may not be the best source of funding. The ways in which small businesses and startup companies find the funding they need to develop their ideas and target growth has changed significantly in recent years. The process is no longer focused entirely on winning the approval of your local bank manager...
Money Pros: How To Get Started On Your Business With Little To No Money
The Money Pros are standing by to take your questions. Q. How do I get started on my business, when I have little to no money? A. Building a profitable business is never easy - but it is easier and cheaper than ever to get your new business up and running. My advice to...
Fundraising: How To Say “Give Me Money”
When I first started Generation Citizen, as a senior at Brown, my primary concern with making it a full-fledged non-profit was fundraising- I had no idea how to do it, and the concept seemed terrifying to me, especially in the midst of the financial collapse. The only reason that GC got off the ground (and...
1..2..3..Go Shopping!
EVERYONE! Please go do some shopping….. There is a bit of good news about shopping habits, amongst all the terrible news being reported about this horrific economy. Consumers are longing to go shopping, and retailers want to re-stock their shelves. However, both are afraid to “Just Do It”; make the first recovery move….. The fear...
What is YOUR money mentality?
The number one reason for business, and personal, failure is the “lack of knowledge” about MONEY! As a successful business owner, running a multi-million dollar retail product placement company, I know first hand how being bad with money can be, and how being cash starved is always fatal. I hate to admit that I did have...
The One Big Secret to Getting Press – And It Costs Nothing!
Are you overwhelmed with the latest technologies, social media sites, networking opportunities, and other products and services that promise to increase sales and awareness? As an entrepreneur like me, you are probably inundated with the latest products and services on a daily basis. (Ugh! I just received another three e-mails about the latest media-list services and upcoming...
The Angel Honey Pot Continues to Grow
According to the 2006 Angel Market Analysis released today by the Center for Venture Research at the University of New Hampshire, the angel investor market experienced steady growth in 2006, with total investments of $25.6 billion, an increase of 10.8 percent over 2005. This is an irrefutable statement about the fact that the money is...
Small business loans grubstake entrepreneurs
Huh? I subscribe to a daily 'Word of the Day' email from Merriam-Webster and the other day the word was grubstake. grubstake GRUB-stayk verb : to provide with material assistance (as a loan) for launching an enterprise or for a person in difficult circumstances Apparently, the word gained footing during the California gold rush, and...
When raising money, use the Goldilocks Approach
Love the instincts and wisdom you entrepreneurs demonstrated in the "Show Me the Money!" blog challenge! There are two really important principles to remember when seeking funding for your business. 1. Make sure you have an 'alignment of interests.' This is when you and the provider of the money have similar goals for the investment....
He shows you the money (but do you take it?)
Today's Scenario: You've been unemployed for three months, but you're doing something about it. Yes, you're ready to take control of your destiny and start up your own business. You've come up with a life plan after poring over the simple process we provided you in our life-changing book. (shameless plug) You've also developed a...