We've helped a number of clients develop business plans and raise capital from "angel" investors, corporate entities and venture capitalists during the last 6-8 years. It's always a daunting process that can be full of pitfalls and require a tremendous amount of work - but it can be done! Here are some perspectives on how to raise capital gleaned from years of … [Read more...] about How to Raise Capital in the New Economy
Cash flow means everything to a growing business. Whether it's meeting payroll or funding product development, an adequate supply of cash flow is vital for both daily business and sustainable growth. Cash flow, however, also means frustration to the entrepreneur who soon figures out that cash from customers never seems to realize in time to meet payables and other expenses. To … [Read more...] about Factoring: Alternative Funding Source for Entrepreneurs
You need to grow your business to increase income and achieve the financial goals you have set for your business. However, you may sometimes find that your business is not achieving the goals that you set for it. You are not satisfied with the direction that your business is taking. Your business is simply not generating the revenues that you expected. One reason could be … [Read more...] about Increase Income and Maximize Revenue of Your Business
The tax rules allow for deductions for the business use of your home. This is good news for home business owners. But do you really qualify for home business tax deductions? Knowing whether you are qualified to deduct the business use of your home in your tax returns is a tricky proposition. There are a number of rules that you must meet before you can deduct your business … [Read more...] about Do You Qualify for Home Business Tax Deductions?
Many individuals are looking for grants or "free money" to start their business. They may have read or heard that free money for business owners exists, and how easy it is to get hold of these monies. Some have read ads, in print or on the Web, offering them information as to where to get free grants. With these ads making it look like there is money out there for the taking, … [Read more...] about Grants: Free Money for Your Business?
After a careful deliberation, you have ascertained that the business use of your home qualifies for a tax deduction. Per the IRS, you can claim for home office tax deduction if your "home office" is the principal place used exclusively and regularly for your trade and business: as a principal place of business as a place to meet or deal with patients, clients or … [Read more...] about What Qualifies for a Home Office Tax Deduction?
Getting an investor to fund your business is not easy. In fact, a huge percentage of proposals received by venture capitalists and angel investors are rejected for various reasons. Different types of investors investing at various stages of the company's growth and development will have different expectations. If you want an investor to fund your business, you need to … [Read more...] about What Investors Want Before Funding a Business
The need for financing is a critical and perennial concern for your start-up business. You will need "seed money" to launch the business to cover costs such as equipment, fixtures, supplies, among others. You’ll also require money for your daily operating expenses inventory, rent, taxes, salaries and wages, advertising, utilities, etc. You can launch your business … [Read more...] about Using Supplier Credit to Finance Your Start-up
The world of commercial finance is complicated. It is suggested that all businesses consult with their trusted advisers (CPA, Attorney, or Partner) before entering into any financing transaction that will have long term effects on their business. Financial Myth No. 1: Finance companies that promise funding in 24-48 hours are the best choice. FINANCIAL FACT: Unless you are … [Read more...] about Evaluating Financing Options for Your Business: Myths and Facts
Everyone in business must keep records. What can good record keeping do for you? I'll give it to you in a straight no-glamour content. Why Do Record Keeping? Make sure you monitor the progress of your business: Good record keeping can show whether your business is improving, which items are selling and what changes are needed. Good record keeping can be the difference … [Read more...] about Good Record Keeping for Your Small Business