Funding Options for Your Startup
The old adage “you need to spend money to make money” only works if you have money in the first place. Here are some funding options to consider for the earliest stages of your business.
The old adage “you need to spend money to make money” only works if you have money in the first place. Here are some funding options to consider for the earliest stages of your business.
Small businesses struggling in the wake of the global pandemic may get some relief from a bipartisan infrastructure bill. Here’s how.
The struggle for small businesses to attain funding is real, a situation that’s even more difficult for female and/or minority-owned companies. But there are resources available to help overcome obstacles, you just have to know where to look.
There are few things more terrifying for small business owners than to have their internal computer systems hacked and their sensitive data held hostage. Most often, the ‘bad guys’ are looking to get paid to return what they’ve stolen, whether that’s information and/or complete control of your computer systems. What’s your next move?
Many business owner/operators make the decision to sell their companies and enjoy a well-earned retirement, so how come so many end up staying intimately involved under new ownership? The answer lies in where their priorities lay.
Family office investment preferences can be as varied as the families doing the investing, but that doesn’t mean there aren’t common themes each may look for that provide perspective for small and medium-sized businesses that may be in need of capital.
While you no doubt know your business inside and out, the most successful executives are ones that can effectively share their vision, strategies, needs, and expectations with a wide variety of audiences. Whether internal or external, current and potential stakeholders require clear, concise, and nuanced communications from your company’s senior leadership.
One of the most important decisions executives must make relates to the company’s information technology function and who is responsible for maintaining internal systems. Whether outsourced, in-house, or a combination of both, the key is to get the service you need when you need it.
The lack of access to capital is a main reason businesses stumble and sometimes fail. Crowdfunding is one of the newer soltions to this age-old problem, but determining whether it’s the right choice for your company is something that requires careful consideration.
It’s been said that you aren’t really a business owner until you’ve spent a sleepless night wondering how you’ll be able to meet payroll. While few are exempt from that worry on at least a few occasions, it’s important to understand when a short-term fix could lead to a long-term problem.
Beauty may be in the eye of the beholder, but business valuation is a lot more calculating than that. Whether you are actively planning to sell your company or just want a sense of its value in the current marketplace, it’s important to understand the metrics by which others will evaluate the value of what you’ve built.
A worldwide pandemic is just the most recent challenge to the health and well-being of small and medium-sized businesses. Many business owners face an ongoing struggle with a variety of issues that seem to get more complex with each passing day. If that sounds like your situation, know that there are experts who can provide the perspective and resources to get your business back where it needs to be.