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If your strategy to grow your business involves securing funding from a Venture Capital (VC) firm, one of the first things they will want you to do is move off of QuickBooks and on to a GAAP-compliant accounting solution. Read More

The Transitional Business Model

One of the key differences that I see over and over between successful and unsuccessful entrepreneurs is the willingness to use a transitional business model initially as a means of establishing a beachhead in the target industry. Another way of saying this is tha Read More

I was reminded yesterday that sometimes the best financing for an emerging startup is innovative loan financing, from savvy investors, rather than straight investment or commercial borrowing. Read More

Starting your own business is tough you will need to be prepared to hit some obstacles on the way towards having your successful small business. Read More

There are many different methods of obtaining financing for your business. When seeking financial backing from an outside source, ask yourself: Which is best for my company? Read More

There's an old saying that anyone with a business degree has heard: in uncertain times, cash is king. And it's true in one sense. But it takes some experience to learn that there is such a thing as having too much cash. Read More

In general, it is best to have the cash to pay for things upfront as opposed to using debt to finance large items. Of course, we all don’t have $50,000 laying around to start a new business, but save up as much as possible so that you minimize the amount of debt that is required to finance your new Read More

Are you looking for new sources of capital for your business? If you’ve had trouble getting financing from banks, there is one other source you may want to tap into: your own customers.
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Too often people in startups think they’re supposed to give pieces of their company away to people who help them. They aren’t. Or they think it’s clever to pay people for services by giving away pieces of their fledgling company. Read More