Is Crowdfunding Right For Your Business?

by / ⠀Funding Startup Advice / November 9, 2012

There’s been a lot of recent buzz around crowdfunding, but is it best for your business? Crowdfunding can be particularly useful for idea stage startups, because without the figures to base a loan upon it can be difficult to get a bank to lend you the money, and often it’s too early for angel investors. Finding investors requires a large network, but putting together a contact-base from scratch takes a…

Financially Savvy: How to Approach Credit Cards as a Young Entrepreneur

by / ⠀Funding Startup Advice / November 7, 2012

I remember how excited I was when I first decided to open my own custom-made apparel store. For years, I had imagined what it would be like to finally branch out and start selling my own women’s clothing designs, but nothing could have prepared me for the financial hardships I was about to face. Being young and naïve, I decided to take out a series of loans and…

No Money, Mo Problems: 5 Ways to Stay Positive While Starting Up

by / ⠀Funding Startup Advice / October 29, 2012

You had a light bulb moment. You jotted down the idea. You did some research. You wrote a business plan. You’ve got skill. You’ve got passion. You’ve quit your job! You’re an entrepreneur. All of this sounds great, but so many entrepreneurs are caught off guard when they are not greeted with immediate entry into the market, clients lining up for services or customers screaming for their new…

How Equity-Based Crowdfunding Can Be a Tipping Point for Small Business Innovation

by / ⠀Funding Startup Advice / October 25, 2012

Funding drives small business innovation. But in the wake of the Great Recession, commercial lenders and other funding sources have tightened their criteria, leaving many small companies underfunded and unable to leverage innovation as a driver of business growth. Equity-based crowdfunding, or the process of raising capital through small investors in exchange for ownership shares, is emerging as a potential answer to the small business funding dilemma. In…

How to Negotiate Your Equity Compensation in VC-Backed Startups

by / ⠀Funding Startup Advice / October 24, 2012

In our work at venture-backed startups, we are amazed at how hard new employees will negotiate pay, benefits, workspace, duties, titles, etc. and just totally accept their equity compensation. So, we have prepared six questions that will make you look really smart and help you understand your equity compensation.  It may also make you a lot richer when your Company is acquired. Assumption: You have been offered an…

6 Useful Financial Tips for the Newly Self-Employed

by / ⠀Funding Startup Advice / October 22, 2012

Taking the plunge into the world of self-employment is exciting. You’re finally gaining the independence you’ve been seeking, putting your expertise and skills to use exactly how you see best fit. But with this professional independence comes financial independence – a much less exciting endeavor when you’ve become accustomed to a steady salary and benefits under a corporate gig. But financial independence doesn’t have to be daunting. Here…

The One Decision That Will Wreck Your Business Finances

by / ⠀Funding Startup Advice / October 12, 2012

Have you ever wondered why finances seem to disappear the moment you make a decision to follow your dream? When you decide to leave your job and focus on building your business? I believe in provision, but the first test seemingly of entrepreneurship is to find if you can do with less, and tests not mustered seem to persist until we gain a mastery of them, and another…