This past week I received a phone call from a long-time acquaintance who called to invite me to meet for a cup of coffee. As a coffee lover I rarely turn down the opportunity to visit my favorite coffee spot here in California. After spending twenty minutes catching up on recent personal and professional adventures…
Ask ten investors what the most important section of a business plan is, and you are likely to get back a variety of answers. For some, management team is the section to which they turn first. Others begin by reading about the market opportunity and your proposed solution to determine their level of interest. While…
Entrepreneurs are facing one of the roughest economies in recent history. While this may prevent some from attaining their dreams, others are turning to more creative and out-of-the-box options for finding financing for their startup venture. One of the newest options for finding funding is through Crowdsourcing, or more specifically, Crowdfunding. Crowdsourcing is a relatively…
I am often asked by our business plan software customers to assist them in determining their best options for raising capital. Having been down that path many times, I always try and impart whatever knowledge or wisdom I can to help them smooth the road ahead. Raising capital is not easy. It takes time, energy…
Any entrepreneur who has started a business and needed to raise capital to grow has probably received this same bit of wisdom – “You’ll need to get your friends and family to invest”. Sarcastically you reply, “Great, I never would have thought of that”. Now that your sarcasm has made you feel much better, the…