Articles on Money
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Preparing an effective business plan to raise capital
Author: Alvin Donovan
Preparing an effective Business Plan is the first step to raising venture capital. If done properly it will take a good deal of time and effort to get the job done properly. Don't rush through this step in the process, otherwise the months you spend meeting with angel investors and venture capital sources will be a waste of time, effort and money
Getting investors to notice your business
Author: Joseph Lizio
For some businesses, private equity (venture capital, angel capital, SBIC) is the only way to go for growth funding while other businesses should not even consider wasting their time chasing these kinds of funding sources. Private equity players receive hundreds, if not thousands, of business plans each month. And, no matter how big the firm, there is just no way they will be able to review all of those plans.
Why is it so uncomfortable for many to collect past due receivables?
Author: Donald Todrin
I have felt this pain myself and have considered its source and reasons and have come to the following conclusion:
It is all about NOT being emotionally self-sufficient, meaning, we frequently allow the emotions of others to dictate how we act. We do not want people to dislike us (or, better stated, we want people to like us) and if we sense that collecting a receivable may be uncomfortable for the person we are collecting from, and if we allow this to interfere with our business process, we are allowing this emotion to interfere with our success.
How to set retail prices and markups
Author: Becky McCray
Setting retail prices is like some arcane art form. How the heck are you supposed to figure out what to markup items in your retail business when no one wants to give you real numbers?
Here are two starting points for setting retail prices and markups.
How to create multiple streams of income in your business
Author: Milana Leshinsky
What would you do if your business hit a dry spell?
No matter how fulfilling working with clients can be for you and your business, it is not necessarily a path to sustainable income. I know, you don't want to let your main source of income evaporate or suffer neglect -- so what do you do?
Budgeting basics for small business owners
Author: Pam Newman
A budget is part of your financial roadmap. How do you know where you are going if you don’t have a destination selected and the road that you are going to take mapped out? Just throw the dart and see where it lands? If so, you make up the majority of small business owners. However, that trend is changing.
Using peer-to-peer lending to fund your small business
Author: Gary Barzel
With all the dismal talk surrounding the economy and the subsequent belt-tightening of the lending industry, peer-to-peer, or P2P, lending has been a warm ray of light and hope. It is the natural outgrowth of an increasing demand for financial assistance coupled with the versatility and social reality of the Internet. Through peer-to-peer lending, consumers and small businesses can access loans from other people on the Internet while avoiding banks or credit cards.
How to grow your business without borrowing
Author: Sue Hirst
Those who’ve attempted to get new lending or renew an existing loan will know how hard it is right now, so how do you grow your business without borrowing? As a result of the credit crunch, banks have pretty much shut up shop in terms of business lending to both small and medium sized businesses.
Holiday season shopping: It is time to utilise your credit cards for your small business needs
Author: Ivan Widjaya
Here’s the good thing of today’s recession – retailers are giving deep, real deep, discounts to attract customers. This situation, in my opinion, is good for small businesses. You can start spending – of course with a eye at your budgeting – to stock office supplies, purchase office equipments and fixtures, or invest in productivity tools – which more likely than not, will be discounted these days.
Dealing with non-paying clients
Author: Trish Weston
I recently had my first non-paying client as a soloist. And, if I may share, it hurt. As someone who likes to go on about the importance of building great client relationships, this really stung. I couldn’t just let it ride. I understand how some soloists manage their finances. Where the question when looking at the pile of bills isn’t “What’s due this week?” but “What can I get away with NOT paying this week?” I’ve been there.
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