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Showing posts with the label funding

How to Correctly Use Collateral to Secure a Business Loan

Items that make excellent collateral include real estate, cars, business inventory, and even cash savings. If there’s one aspect of the American dream that seems to appeal to just about everyone, it’s the idea of owning and running your own business. Whether you’ve always dreamed of running an Asian-Italian fusion restaurant downtown, or simply can’t wait to open up that quaint little boutique filled with your own fashion designs, it’s only natural to be excited about someday becoming your own boss. Knowing that you’re ready to open a small to mid-sized business is one thing, but knowing how to secure the funding you need is another. Read more at Bplans

How to Pitch and Get Funded

Get expert pitch advice from an entrepreneur who raised close to $1 million. Caroline Cummings shares her  pitch secrets, techniques, and tools in this free eBook, “How to Pitch and Get Funded.” What you will learn: The purpose of the pitch The importance of mentors and advisers How to deliver an elevator pitch How to deliver a video pitch How to deliver a one-page pitch Read more at Bplans

The basics of Crowdfunding

What it is: Crowdfunding is about persuading individuals to each give you a small donation -- $10, $50, $100, maybe more. Once you get thousands of donors, you have some serious cash on hand. This has all become possible in recent years thanks to a proliferation of websites that allow nonprofits, artists, musicians -- and yes, businesses -- to raise money. This is the social media version of fundraising. There are more than 600 crowdfunding platforms around the world, with fundraising reaching billions of dollars annually, according to the research firm Massolution. Crowdfunding Basics

Raising Money in a Tough Economy

Raising money for any business in this tough economy isn’t easy. More owners are scrambling to attract new capital, and investors are holding tighter to their money, causing a major disconnect. Successful venture capital and private equity funds are only investing in 1 out of every 500 or so deals they see. Banks have cut back lending. Angel investors hammered in the 2008 market meltdown, lost their appetite for new deals while focusing on salvaging existing investments. However, you can raise the funds you need. You won’t get the very best terms and it will take you much longer than you thought. You may even have to retain an outside firm to help; but if it makes sense and you are fundable, you can get the deal done. More from the ASBDC HERE .

'Grunt Funds’ Are Trending in Startup Circles

During software engineer Ryan McGeary’s nine years working at seven startups, he has weathered contentious dramas, legal battles, and broken friendships stemming from arguments about how equity should be shared among founders and early investors... "There’s got to be a better way" to handle equity stakes, McGeary says. Recently he stumbled across just that: so-called dynamic equity splits, an idea making the rounds among Chicago startups. The concept is described in a book called Slicing Pie, by Mike Moyer, an adjunct professor of entrepreneurship at Northwestern University and founder of venture capital firm Lake Shark Ventures. More from Business Week .

Where To Get the Green: Sources of Funds for Green Entrepreneurs

Many people struggle to figure out how they can obtain the capital required to start and/or scale a business. This guide may not offer all of the answers, but it does provide helpful insights into a wide variety of financing options available to aspiring entrepreneurs as well as existing small business owners. ARTICLE RECOMMENDED by Walter Reid, Farmingdale SBDC

Wise Guy

I like Entrepreneur magazine and I especially like Guy Kawasaki's column which I have mentioned here before. If you are a dabbler like myself, you will appreciate his succinct and friendly style. I am so behind in my reading that I was reading an older column and then a more recent one came to my attention, so they are both listed here: Garnering Angels "Sure, you may have ventured for VC, but raising angel capital takes a different kind of skill." By Guy Kawasaki Entrepreneur Magazine - January 2008 Explains about angel investors - what motivates them and how seeking an angel is different from looking for venture capital. Another angel investor article on Entrepreneur's site, focuses in particular on an angel network that helps women-owned businesses. Send me an Angel Can you get angel funding to expand your company? By Aliza Sherman Entrepreneur Magazine - October 2007

Gonna Find Me an Angel

I've posted about web-based directories for angel investors before, but here's yet another site that your clients can use. This one focuses squarely on angel groups by region within New York State, so it's right up our alley: "Angel investor groups across New York State" http://bianys.com/node/76 (Thanks [again] to the Business Incubator Association of NYS for pointing this out to me.)