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Legal Entity Identifier: A Code for Businesses

by / ⠀Entrepreneurship Startup Advice / January 6, 2022

LEI is an acronym for Legal Entity Identifier. All companies that make financial transactions such as trading and investing in the stock market must have an LEI code. Some argue that an LEI is only needed at the time of making a transaction. However, we need to understand that LEI is more of an international level recognition. The LEI is a far more evolved and structural system that…

Protect Company Finances in 3 Common Categories

by / ⠀Funding Startup Advice / May 10, 2021

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…

Small Business Finance in the Pandemic: What You Need to Know

by / ⠀Funding / July 22, 2020

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…

6 Must-Haves in Today’s Workplace Wellness Programs

by / ⠀Startup Advice / July 5, 2019

Updated October 16, 2019 The concept of wellness is an old one. Originating thousands of years ago, wellness describes a harmony between one’s body, mind, and spirit. Wellness gained steam in the West in the 1980s, and soon, the workplace wellness program was born.  In the 40 years since, a lot has changed. For one, wellness programs were once found primarily at enterprises. Today, they’re actually more common…

Trading College for Credit: Interview with Paul Gu of Upstart

by / ⠀Entrepreneur Interviews Entrepreneurship Startup Advice / January 26, 2015

Being young can be inexpensive if you choose to live out of your parent’s basement with little aspiration of improving yourself or going anywhere in life. If you desire to pursue an education, start a business, or go after your dreams in general, it’s usually going to take money to get there. The problem with being young and needing money is that no one wants to give it…

The Financial Side of the Startup – Interview with Lili Balfour

by / ⠀Entrepreneur Interviews Entrepreneurship / December 10, 2013

Raising startup capital can be tricky.  Many startups fail before getting started because of financial limitations.  Despite the need of many young companies, banks aren’t exactly jumping at the chance to work with 20-30 year olds with a new business idea.  Due to the volatile nature of a startup and high failure rate, there is a substantial level of risk for banks working with early-stage companies. This risk…

Six Creative and Solid Ways to Finance Your Business

by / ⠀Startup Advice / January 25, 2013

Financing a business is one of the most challenging activities in running an enterprise, so much so that many businesses have gone down due to lack of funds. Sadly, this is a situation that could have been avoided if the owners knew where to source for funds. Some of the most dependable ways to accessing finance for a business include: Seek help from angel investors Start up business…

Traditional vs. Roth – One IRA to Rule Them All

by / ⠀Startup Advice / August 24, 2012

My last post on saving money had some interesting comments (Thanks to everyone who reads, Likes, Tweets or comments!) that got me thinking about my next topic. I decided to take a specific topic (retirement accounts) and explore it a little more in-depth. I want to talk specifically about Roth IRA’s and how they can benefit savers and investors. I want to emphasize that Roth IRA’s are absolutely not for…

3 Online Tools That Actually Help You Save Money

by / ⠀Startup Advice / June 4, 2012

Generation Y was hit hard because of The Great Recession. Four years later and we’ve still got major credit card debt, student loans and underemployment. To make matters more interesting, many of us have decided to take on the route of entrepreneurship which can lead to unfixed income for quite some time. Now, I’m not bringing this stuff up as a downer. In fact, when it comes to…

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