The commitment and drive of entrepreneurs is essential to business success. Equally important is avoiding some basic errors that are unfortunately too common among new entrepreneurs.
Top 3 Financial Errors for Entrepreneurs to Avoid
Franchisee Due Diligence- The Beginning Stages
Many budding entrepreneurs have dreams of being a franchisee. Opening a business that already has an established brand and positive reputation seems like a better way to assure success instead of attempting to start a business from scratch. This may be true but a franchise costs considerably more than starting your own business in most […]
Important Leaders for Every Management Team
When seeking to launch an enterprise with far-reaching aspirations, the best team to build contains multiple types of leaders. No single individual is likely to possess the variety of leadership elements that an organization needs. Casting a wide net for future additions to a management team is likely to land for a company the right […]
VCs Advancing Into Seed Money Deals
Series A funding has been a term applied to the financing stage occurring after seed money. The round where venture capital firms are involved is Series A. The earlier deals were reserved for angel investors only.
The Value of Early Stage Angel Investors
A well-reported story in 2010 was the value of angel investors to early involvement in startup companies. William Kerr and Josh Lerner of Harvard, and Antoinette Schoar of MIT, co-authored a report funded by the Kauffman Foundation about the influence of angel investors. According to their analysis, angels add noticeable value to startups.
The RIGHT way to Solicit Small Business Funding
Nobody likes to ask for money but if you’re looking to start a business, there is a good chance that you will have to solicit small business funding. Whether it’s venture capital, friends, banks, or other source, your pitch should be the same.
The Three Challenges to Mint.com
If you haven’t heard of mint.com, you are missing out on arguably the best financial sites in existence. Mint.com is a free, advertiser supported website that allows consumers to track all areas of their personal finances. Everything from checking accounts, loans, bills, investments, automobile, and home equity, this is truly a one stop financial website […]
Business Characteristics that Succeed
Startup entrepreneurs should not be frightened by the frequently conveyed statistic that half of all businesses fail within five years. Although the figure is true, it is an average of all industries. In addition, the number is a nationwide average. Business survival rates vary widely across different industries and geographical regions.