funding
Tom Scarda, a business consultant, offers tips to ask friends and family to fund your business.

How to Ask Family and Friends to Fund Your Business

by Lisa Furgison

Asking for help is one thing; asking for financial help is another beast all its own. Yet many entrepreneurs turn to family and friends to help fund their business. A recent study from the National Knowledge Commission shows that 63 percent of entrepreneurs “self-financed” their business, but that doesn’t mean every owner saved up their... Read more »

funding
Sam_Jain1

How One Entrepreneur Started a Company With His Credit Card and Became a Millionaire

by Alisa Vilabrera

I had the opportunity recently to ask Sam Jain, the CEO of Fareportal, about his experience as growing his business from an idea to a multibillion-dollar organization. Read more »

funding
God Bless the Child Billie Holiday

God Bless the Startup That’s Got Its Own

by Tim Berry

Every time I hear the old blues song “God Bless the Child” I think of startups, bootstrapping, and owning your own thing. During the last few weeks I’ve had to explain to several people hoping for angel investment that their startup wasn’t getting into the finals for our local angel investment group, the Willamette Angel... Read more »

funding
womansuccess

3 Reasons Why Now is The Best Time for Women Entrepreneurs

by Katherine Mayhew

According to data from the US Census, in 2011 women received 52% of all bachelor’s degrees awarded, and 55% of all master’s degrees. That’s impressive. But, according to this infographic, only 10% of venture-funded start-ups are women-owned–and that number dips below 5% for tech start-ups. What’s going on? Sure, there are still barriers (you may... Read more »

funding
investment

What Kind of Funding is Right for Your Business?

by Palo Alto Software

It’s the question that everybody starting a small business asks. Do I need outside funding or can I bootstrap my business. If I do need funding, what kind do I need, and how to I get it? Most businesses are actually financed by home equity or private savings. Attracting venture capital or angel investors is... Read more »

funding
Book review cover shot

Book Review: Unlocking Your Entrepreneurial Potential

by Tim Berry

Are you looking to build your own business? Go out on your own? Sadly, we tend to overemphasize the high-end process of developing a plan and then getting investment, while the vast majority of real businesses are self funded. I saw a Wells Fargo study that concluded the average cost of a startup is $10,000.... Read more »

funding
tim head shot

VC Money: If You Don’t Need it, Don’t Accept it

by Tim Berry

I like this excellent 3-minute video by Paul Kedrosky, venture capitalist, thinker, and Kauffman fellow. Here’s a summary: In “Money Game,” Kedrosky breaks down the various methods that entrepreneurs use to raise capital for new ventures, as well as the benefits–and hazards–tied to each. While entrepreneurs’ greatest source of capital is personal savings, Kedrosky says... Read more »

funding
USCurrency_Federal_Reserve

Need Funds: What About Family and Friends?

by Susan Solovic

“I’ve got a great idea for a business, but I don’t have any money to get it started! Where can I get money from the government or find investors to help me start my business?” If I had a dime for every time I’ve been asked this question, I’d be wealthy enough to establish my... Read more »

funding

Beware of Friends and Family Financing

by Tim Berry

I caught a blog post last week recommending friends and family financing for a startup. It’s dangerous when a good blog posts bad advice.  So I’m not going to link to that post here. Years ago I met a man who’d spent 15 years struggling to make a sailboat manufacturing business work. He’d started the... Read more »

funding

5 Lessons for Bootstrappers on Dealing With Banks

by Tim Berry

Banks and bankers have a relatively bad reputation, largely undeserved. Being more of a natural hermit than a networker, I can’t say I ever looked forward to dealing with banks, even though I had to. But over time, through the years of running the business, I’ve met a lot of smart, likable banking people. And... Read more »

funding

Bootstrappers need business planning too.

by Tim Berry

There’s a world of difference between the business plan and business planning. Tim Berry speaks to this in his new article on Entrepreneur.com: Business Plans for Bootstrappers There is considerable confusion about business plans. Too many people think of a business plan as a document used to describe a business to potential investors. Sure, it... Read more »

funding

Most Companies Run on Sales, Not Investment

by Tim Berry

I had a slightly disturbing talk with an entrepreneur at a smartups.org meeting last Thursday night. Smart-ups is a local group getting entrepreneurs together in the Eugene-Corvallis area in Oregon. This man will probably make it. There was nothing dumb or naive about him, and he was old enough to know better. But the underlying... Read more »

funding

A Respectful Hats Off to Bootstrapping

by Tim Berry

Guy Kawasaki’s recent repost of his “The Art of Bootstrapping” reminds me how much I liked it when it first came out, along with Seth Godin’s “Bootstrapper’s Bible” and Thomas Frey’s “10 Rules for Bootstrapping Your Business.” This is the real world. Bootstrapping is often the only way to start, build and grow your business.... Read more »

funding

True Story: Friends and Family Financing

by Tim Berry

He was about 45 or maybe 50 when I met him. He was spreading, graying and somber. You don’t know him. You probably never even heard of him. He’d spent the last 15 years of his life starting, building and growing a sailboat manufacturing company. It sounds glamorous, doesn’t it? He sailed as a hobby,... Read more »

funding

Funding a Business from Friends and Family

by Tim Berry

If I could make a point with budding entrepreneurs, it would be that you should know what money you need and understand that it is at risk. Don’t bet money you can’t afford to lose. I’ll always remember a talk I had with a man who had spent 15 years trying to make his sailboat... Read more »

funding

Classics on Bootstrapping

by Tim Berry

Links to two classics on bootstrapping, by Guy Kawasaki and Seth Godin Read more »

funding

The Art of Bootstrapping

by Noah Parsons

Here’s a must-read post from Guy Kawasaki on The Art of Bootstrapping. If you’re starting a business, read this. Actually, if you’re starting a business, you should be reading Guy’s blog. Period. Read more »