You have to be very clear about what type of business you are. One flaw that a lot of potential entrepreneurs display is that of lacking investor empathy – they do not understand what a business investor is looking for. Often, Business Angels will have specialization and experience within one or two industries, as it is rare to find a jack of all trades – why invest in something…
Contrary to what you are seeing in the press there is simply too much money in the World at the moment; too much capital seeking too few investment opportunities. Remember the 1930s depression created more Millionaires than in any other era (ever), and now will be no different. A large amount of High net worth individuals in the Western World are seeking to diversify their portfolios away from…
When you pitch your company, product, or service are you met with blank stares? Does your audience politely smile, nod, and then walk away? Maybe it is time to take a closer look at your pitch and make sure that you are not making one of the following deadly mistakes. 1. Using Industry Jargon One of the worst pitch mistakes you can make is using industry jargon. Don’t…
Poll Results: What Has Been the Main Source of Funding for Your Small Business?
by / ⠀Funding / January 7, 2012
What has been the main source of your small business funding? It can seem as though the answer to that question is as varied as the types of startups springing up everywhere these days. We asked our readers this fairly straightforward SME funding question. We wanted to see how people are getting the money they need to get their small to medium-sized enterprises off the ground. Not surprisingly,…
Debt can be a scary thing especially in today’s economy. However, it is also crucial to growing and expanding any business. It can help you move forward faster and more efficiently than your competitors. You would find it difficult to find a small business owner who never took on any debt at any stage of the business whether it was a loan, credit cards or another method. Of…
Poll: What Has Been the Main Source of Funding for Your Small Business?
by / ⠀Funding / December 11, 2011We want to know how young entrepreneurs are funding their small businesses. Let us know what has been the primary source of funding for your small business. We will publish the results next week.…
I probably owe the IRS $15,000 and I’m not sure I’ll be able to pay it when tax season comes now that I’m investing all my money. I guess that’s what being an Under30Ceo is all about! I would be lying if I told you I wasn’t nervous. My blog posts here won’t be telling you what to do to be the best entrepreneur, or what steps you should…
For months we’ve been saying it at Under30CEO. “Why don’t these startups ever get asked the tough questions?…Why doesn’t anyone have the heart to tell them their business is setup to fail?” We’re Guilty Too We’re the biggest cheerleaders out there. Yay, Gen-Y entrepreneurship we say. But in all seriousness, we run Under30CEO to help young entrepreneurs and if we just hold hands and talk about how great…
A recent article on MSN’s Business on Main shows that small business lending is still down despite efforts to loosen up the markets. Outstanding loans to small businesses totaled $609 billion at the end of 2010, according to a report from the U.S. Small Business Administration’s Office of Advocacy, down from the pre-recession peak of $712 billion in 2008. Banks had been cutting back on loans but it…
10 Ways to Get a Loan Through the Small Business Administration
by / ⠀Funding• Startup Advice / October 24, 2011Many young business owners get caught up chasing after venture or angel capital to fund their business and forget about looking into a loan for it. There are many different programs out there through your bank, local government and national government that you can look into for a loan. One great resource is the Small Business Administration which has numerous resources available for small business owners. Below we…