Most businesses require outside funding, but many small business owners don't know where to find it, or how much to ask for. Whether you need loans, small business grants, angel investors, venture capital, crowd funding, or investments from friends and family, you can greatly improve your chances of securing business capital with our expert tips and how-to guides.
There are many reasons businesses fail: lack of money, changes in the economy, ineffective management, employee turnover, theft, illness, or death of the owner are just a few. According to SCORE (Service Corps of Retired Executives), the main reason businesses fail is ineffective management, whether it be poor planning or not understanding all that is required… Read more »
In recent years, socially-minded entrepreneurs have begun testing a new type of business entity: the L3C, or Low Profit Limited Liability Corporation. A low-profit limited liability company, or an L3C, is a legal structure (a variation on a limited liability company or LLC) that is relatively new to the United States. The United Kingdom began… Read more »
[caption id="attachment_36168" align="aligncenter" width="700"] The exit strategy isn't about you, it's about your investors.[/caption] Startups looking for angel investors or venture capital (VC) absolutely need an exit strategy because investors require it. The exit is what gives them a return. Exit strategies related to startup funding are quite often misunderstood: The "exit" in exit… Read more »
It’s not everyday that a television producer handpicks you to appear on ABC’s hit show "Shark Tank," but that’s what happened to entrepreneur Kelly Costello. Costello is the founder of Puppy Cake, a company that sells boxed cake mix for dogs. It’s a lot like the do-it-yourself Betty Crocker cake mix, except the ingredients are changed… Read more »
Every business has ups and downs and while many make it through, others don’t. Maybe you need money to buy inventory, to grow or even to strengthen your offering. Whatever the reason, the question is still: what are your options when you know you need a bit of extra cash on hand? Read more »