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8 Insurance Coverages Every Entrepreneur Must Consider

by / ⠀Funding Startup Advice / May 4, 2011

I am not an entrepreneur.  So I can’t directly empathize with the emotional and psychological rollercoaster that an entrepreneur endures while visualizing, strategizing, and actionizing (probably not a word) their business plan.  However, I am well aware of and fully appreciate the stress that entrepreneurs put themselves through.  With every two steps forward you take one step back.  There is barely enough time in the day to enjoy…

Mistakes You Don’t Want to Make While Financing Your Startup

by / ⠀Funding Startup Advice / April 26, 2011

Many businesses have amazing ideas, but can’t seem to sell themselves to investors.  Investors may hear a hundred pitches or more in a given week and may choose one of them.  The entrepreneurs who are most likely to get funded know what investors are looking for and cater to their expectations. Here are a few things you need to do to stand out to an investor and maximize…

Get Control of Your Finances – For Your Sake (& Your Company’s)

by / ⠀Funding Startup Advice / April 20, 2011

What comes to mind when you think of personal finance? Allow me to take a stab at it.  You probably think of people like Dave Ramsey or Suze Orman.  You hear horror stories of college graduates being inundated with mounds of student loan debt only to take on more debt on their way to law school or medical school.  In addition, you have probably heard of a few…

4 Essential Aspects Of Your New Year Financial Plan

by / ⠀Funding Startup Advice / February 5, 2011

As a new year begins it is common for people to create resolutions for the new year, especially around financial planning. The new year is a great time to set financial goals and get yourself on the right track for the year. However, it is important that your financial goals are all encompassing and account for saving, investing, retirement planning, and debt elimination. While each person?s financial plans…

3 Worst Ways to Find a Potential Investor

by / ⠀Funding Startup Advice / January 14, 2011

A couple months ago I wrote an article titled Top 10 Website to Find Angel Investors.  My research for that article revealed that there are virtually hundreds if not thousands of ways to find potential investors, but today I want to focus on the 3 worst ways to find a potential investor.  According to the Angel Capital Education Foundation, only 1 to 4% of angel investor applicants successfully…

Bootstrapping isn’t for Wussies: How to Obtain Profitability & Scalability

by / ⠀Funding Startup Advice / January 13, 2011

When an entrepreneur starts their business, chances are, especially if they are bootstrapping, there is a continual focus on getting started and grinding through the first year or two. This is when most small businesses fold – more than 50% in year one and 95% within five years. The first goal with any business, as it should be, is to bootstrap the company into profitability. Most of the…

The 5 Most Devastating Funding Mistakes that Most Entrepreneurs Make

by / ⠀Funding Startup Advice / December 3, 2010

For most entrepreneurs these days, funding is nearly impossible to come by.  According to the report titled, “Important Things for Entrepreneurs to Know about Angel Investors” which is distributed by the Angel Capital Education Foundation, only 1 to 4% of angel investment applicants successfully raise angel investment capital.  So before you ruin your chance at securing investors, please make sure you have not committed any of the following…

First Time Entrepreneur? No Funding for You!

by / ⠀Funding / August 30, 2010

Many young entrepreneurs don’t realize how hard the funding process is. You hear all day about these companies getting tons of money and it seems like VC money is flying around everywhere. However you don’t hear about the 1000s of ideas that are shot down or never got that funding they were after. Business Insider published a story about the fact that many first time entrepreneurs never get…

Pitching to Investors at Y Combinator Growing Rapidly

by / ⠀Funding / August 26, 2010

A recent article in the Wall Street Journal shows that the Y Combinator has grown tremendously in the 5 years since its launch. Y Combinator is a program for startup companies that provides them with resources, mentorship and connections for a small piece of equity. There are many similar programs that have popped up over the years but the Y Combinator is one of the most established and…

How to Fail With 100,000 Users and Millions of Investment

by / ⠀Funding / August 22, 2010

The War Room on Business Insider ran a story on how the startup GoCrossCampus.com received millions of funding and tons of users but still failed. The founders admitted they made some key mistakes or as they said “We f*cked this up ourselves.” It goes to show that there is much more to running a business then just getting money and users. You have to create something sustainable and…

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