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, 2022Codie 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…
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.…
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, 2021Filing 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…
Are Special Purpose Acquisition Companies Dying Off? A Few Points to Consider.
by / ⠀Funding / June 1, 2021SPACs 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: 7 Tips to Reduce Anxiety
by / ⠀Entrepreneurship• Funding / May 26, 2021Buying 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 Tips for Newer Proprietors
by / ⠀Entrepreneurship• Funding• Startup Advice / April 26, 2021eCommerce 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.…