The impact of the COVID-19 pandemic on small business is huge and mostly negative. Lockdowns sped up the development of some industries and trends, such as e-commerce and remote work, but the majority of businesses were deeply affected by their inability to function because of the restrictions. According to McKinsey research, the economic situation globally is perceived as worse than it was six months ago with 33% of…
Funding a business is hard. You need to be creative about how you approach your finances, a skill that will serve you well in business.…
Have you thought about starting your own passion project but feel like it isn’t possible because of limited resources? Maybe it’s time you look into crowdfunding and how it can turn your project into reality by having the support of like-minded people. A successful crowdfunding campaign is all about community and how well you communicate your story to get people behind your cause. Through crowdfunding, I was able…
We have all these plans for projects, and dreams of things that we want to accomplish — but it’s SO hard to see them through to completion, isn’t it? How many of us have goals, and in our hearts, we’re just not sure if we’ll ever accomplish them? I know I’ve been there. However, there’s also something very special and unique about our generation. Check out this email…
Since the implementation of Know Your Customer (KYC) regulations, international business has been forever changed. Governments, banks, and businesses must comply with tightened security measures to combat money laundering, identity theft, and possible terrorist funding. Navigating different nations’ specific requirements can be tricky, but doing so will enable your business to expand. Here are five ways to manage the process: 1. Know Your World For many industries, following…
Maybe you’re still immersed in the dating scene. Perhaps you haven’t ventured into that realm for more than 20 years. Either way, if you’re getting ready to pitch investors on your company, you need to practice your wooing skills. Linking up with investors requires you to impress, and there isn’t much difference between a bad pickup line and a poorly formulated investment pitch. Here’s how to make your…
Policies shift dramatically in the wake of an economic disaster. Four years after the stock market crash of 1929, regulations were enacted which barred privately owned companies from publicly seeking investment. This ban on general solicitation essentially decreed that all fundraising had to occur behind closed doors. Then, in 2012 — once again, roughly four years following the onset of recession — President Obama instituted the Jumpstart Our…
You’ve learned it the hard way: college is your wallet’s biggest nightmare. You juggle student loans, housing payments, meal plans, textbooks, and all of the expenses that go along with the college experience. How can you possibly stake any money into that brilliant venture you’ve always wanted to launch? Unless you have one of those legendary rich uncles, you’ll need some of your own cash to get things…
Banks deal in financing real businesses – retail businesses, manufacturing businesses, educational institutions – things that make profits. In the Carrey movie Yes Man, the bank that Carrey works for doesn’t even like to fund tiny home businesses – little home birthday cake bakers and the like. What do you do if your idea is even more off-the-wall then home bakeries? What if you wanted money for something…
Crowdfunding has taken the startup world by storm and has given business owners another choice at raising capital for their cash stricken business. Most start-ups are suitable for websites like Kickstarter or Indiegogo but some should be cautious! Outside investment can be hard and challenging but having an unsuccessful Crowdfund campaign could not only waste time and money, but also kill your drive. Ask yourself the questions below…