Self-Financing

3 Reasons Why Now is The Best Time for Women Entrepreneurs

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...

By Katherine Mayhew |

What Kind of Funding is Right for Your Business?

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...

By Palo Alto Software |

Book Review: Unlocking Your Entrepreneurial Potential

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....

By Tim Berry |

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

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...

By Tim Berry |

Need Funds: What About Family and Friends?

“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...

By Susan Solovic |

Beware of Friends and Family Financing

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...

By Tim Berry |

5 Lessons for Bootstrappers on Dealing With Banks

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...

By Tim Berry |

Bootstrappers need business planning too.

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...

By Tim Berry |

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