It’s almost always costly to turn a great idea into a successful product. Most startups fail because of a lack of access to adequate funding. How do you turn your startup vision into a reality? Here are a few suggestions. Self-Funding/Bootstrapping A lot of entrepreneurs begin their startups with an amount of self-funding (also called bootstrapping). Future investors are likely to be looking to know if you have…
When funding your startup, your goals may be modest or expansive; either way, you’ll want to start off on the right financial footing. Funding a startup may seem either easy or daunting. Much depends upon your previous experience with finances. Entrepreneurs who have dealt with financial matters in the past may find some of the following advice superfluous. On the other hand, those with little to no financial…
Filing for bankruptcy is the last resort for many individuals as they fear it spells the end of their days of entrepreneurship. However, bankruptcy can prove to be a saving grace for many. As an entrepreneur, I’ve realized that debt can bring with it a tunnel vision. You can’t see past the debt. Dave Ramsey, a famous personal finance entrepreneur known for his 7 baby steps, once filed…
SPACs have had a fantastic run in the last year through the end of Q1 2021, rising from a total IPO count of 59 in 2019 to 248 in 2020 and a whopping 311 in just the first quarter of 2021. The number of SPAC IPOs in the first quarter of this year exceeded the total of all of 2020. However, the number of new IPOs fell off…
Buying your first rental property is both exciting (in a good way) and somewhat daunting. Many people want to get involved in real estate investing but don’t know where to start. Oftentimes potential investors are scared away by the responsibilities they know come with property management. However, there are a number of solutions available if you’ve been thinking about dipping your toe into real estate. For example, you…
Many entrepreneurs would rather focus on new ideas and innovations than spend much time thinking about how to protect company finances. Dreaming up new products and services tends to be more fun and exciting than reviewing invoices, legal documents, and security protocols. However, if you’re serious about maintaining a solid platform for your current and future projects, consistent and adequate attention must be paid. It’s imperative you go…
eCommerce budgeting is always tricky, but especially so for newer owners and startups. As an entrepreneur, you’ve got a million things to balance and your available money only goes so far. The five tips directly below can guide your thinking as you move forward. You’ll want to avoid common spending traps, maximize your ability to reach people, answer questions, and have enough capital to invest in reliable products…
Many small businesses fail because they don't follow good financial tips. When all is said and done, some businesses run out of capital.…
Make no mistake: People are spending money. Make sure you’re doing all you can to funnel it your way.…
Track your investment growth, diversify, and plan carefully for your next opportunities. With the right investment mindset, you can keep building on your success.…
