Starting a business ? First make sure your idea is good enough to practically sell itself. That’s what Groupon did and that resulted in one of the fastest growing companies on the internet.
Groupon- 1 Billion in Two years
How Much Money Should a Startup Raise?
After your cash flow projection is finalized, you can visualize how much capital is required for your new corporation. Of course, a reasonable projection does not extend infinitely into the future. The funding estimate customarily covers the first two or three years of operations.
What if the NFL Offered Your Business a Contract?
Who says that business ownership isn’t full of ups and downs? Just ask Joanne Ingle, owner of U Tag It, small business in operation for five years who sell luggage tags with imprinted logos. Joanne believed that her business was about to take off when she landed a contract with the National Football League. She […]
Company Success from Meeting Goals with Investors
An idea for letting students use their college IDs for purchases off campus as well as on campus is now a billion dollar company. But the co-founders of HigherOne put in ten years of work in order to succeed. They had to convince schools and investors to accept a change in how students receive and […]
Saving Taxes by Incorporating
If your New Year’s resolution is minimizing business expenses, look no further than the cost of taxes. Visualizing the tax savings available for an incorporated business begins with an examination of the tax costs from not incorporating. In fact, the tax burden on an unincorporated independent contractor is significant.
Small Business Health Insurance Is a Must
Too many people believe that because health insurance is expensive, it’s a luxury. This is not just a misconception, it’s a mindset that could doom your business before it gets off the ground.
Pricing a Company for Angel Investment
When a new venture is raising money from angel investors, a real deal killer is getting hung up on pricing. Entrepreneurs want to attain the highest price for shares of their corporation. That is, they want the least dilution of their ownership. But price should not become a significant factor in arranging investor funding.
Want to Succeed? Borrow Somebody’s Ideas!
If you have a dream for the perfect business, don’t jump in just yet. There are a lot of reasons why it might be better to shelf your small business idea and copy somebody else’s instead.