Archive for the ‘Funding Sources’ Category

Business Profit and Risk in the 21st Century

January 16, 2017

There is a chasm between the ways wealth was created in the 20th versus the 21st Century. In the 20th, it was essentially invention of devices followed by well managed traditional assets, (real estate, plants, machinery, equipment etc.) leveraging large labor forces. In the 21st, it is development and management of intellectual property leveraged through

BUY A BUSINESS WITH LITTLE OR NO ATTORNEY FEES

June 19, 2014

A question often asked by entrepreneurs is: How much does it cost in legal expenses to complete the acquisition of a company?” A better question would be: "How do I get the services of a top attorney without emptying my pocketbook?" I'll answer both questions here. In the many transactions that I’ve participated in during

START A BUSINESS - BREAKING THE BANK LOAN 2 YEAR BARRIER

June 17, 2014

A good bank lending officer can be an entrepreneur's most important ally. Yet most fledgling entrepreneurs have unrealistic expectations of their banker. Expect your banker to play it by “the book.” “The book” divides your business entity's history into two segments: 1) before two years of successful operation; and 2) after. To the uninitiated, dealing

EXPAND A BUSINESS – GETTING THE EDGE ON YOUR COMPETITION

June 12, 2014

Cultivate relationships with early stage financing sources, even if you don’t need their money. Angels - Capital Finders - Venture Capitalist - Even if you never raise a dime from any of these sources, as an emerging entrepreneur they are worth, to you, their weight in GOLD. In fact, they have something more valuable to

START A BUSINESS, BUY A BUSINESS WITH YOUR PENSION OR 401(k)

February 3, 2014

Some entrepreneurs are financing a business start-up or business purchase by taking an early distribution from their pension plan or 401(k). However savvy entrepreneurs are doing a rollover of their pension plan into a self-directed 401(k) and end up with almost twice the amount of after tax cash to invest in their business. Here's how

START A BUSINESS WITH NO CASH - OUTSOURCE EVERYTHING

February 2, 2014

Most people believe they need a mountain of cash to start a business. Not true. You can start your own business with little or no cash of your own. How? Go virtual. That means outsource everything. Here's an example of how it works and how you can do it for yourself. Someone called me a

JOBS - A MUST SEE MOVIE FOR ENTREPRENEURS

August 19, 2013

“Jobs” – a movie portrait of the man behind Apple Computer - has some outstanding messages for budding entrepreneurs or virtually anyone who wants to build their own successful business.   In addition to some great inspirational quotes, here are some of the insights you will see powerfully displayed – the necessity of vision, the

 
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