Smart Reasons Where Taking A Business Loan Is A Good Idea

by / ⠀Entrepreneurship Finance Funding / June 15, 2022
smart reasons

As a business owner, whether you’re starting a business or planning to expand your existing enterprise, taking a loan is an effective way to finance your venture. Although taking a loan comes with risks to your business, there are justifiable grounds and smart reasons for seeking small business loans to help move your business to the next level.  Read on to learn more about why you need to consider…

Codie Sanchez: Builder of an 8-Figure Portfolio Buying ‘Boring Businesses’

by / ⠀Entrepreneurship Funding / May 26, 2022
Codie Sanchez built a following of more than 800K on TikTok, 200K on Instagram, and 110K email subscribers buying up distressed properties.

Codie Sanchez is an Austin-based entrepreneur, investor, and influencer. She is the founder of Contrarian Thinking, a media platform that teaches investing and financial independence. Codie has amassed a following of over 800,000 on TikTok, 200,000 on Instagram, and 110,000 email subscribers. She recently launched a venture fund, Contrarian Thinking Capital, which raised $2.2M in two days. Before becoming an entrepreneur, Codie worked as a private equity partner…

Startups and Funding Ideas for Raising Capital

by / ⠀Entrepreneurship Funding / November 9, 2021
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.

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…

Why Filing Bankruptcy Doesn’t Mean the End of Your Entrepreneurship Dreams

by / ⠀Entrepreneurship Funding / September 30, 2021
You're saddled with debt and wondering about your options. Learn why filing bankruptcy may actually help fuel your entrepreneurship dreams.

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…

Buying Your First Rental Property: 7 Tips to Reduce Anxiety

by / ⠀Entrepreneurship Funding / May 26, 2021
Buying Your First Rental Property: 7 Tips to Reduce Anxiety

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…

Protect Company Finances in 3 Common Categories

by / ⠀Funding Startup Advice / May 10, 2021
Entrepreneurs and business owners may prefer to innovate, but any ability to launch new endeavors assumes a need to protect company finances.

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 Tips for Newer Proprietors

by / ⠀Entrepreneurship Funding Startup Advice / April 26, 2021
eCommerce Budgeting Can Help Your Business Stay In It for the Long Haul

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…