[content field="callout1" format="true" class="calloutwide"] “You have to have money to make money.” Everyone’s heard the saying and many an entrepreneur has let that saying guide their work – the scramble to get funding and the feeling that you can’t really get your ideas off the ground until you raise $X for a proper launch. But what if...
[content field="callout1" format="true" class="calloutwide"]In the past ten years, large banks have started lending less to growing businesses, as reported by the Wall Street Journal. These cut backs on funding have effected small businesses drastically. Lines of credit and loans are a necessary part of growing one's business. These lines of credit help with expansion, fulfilling...
[content field="callout1" format="true" class="calloutwide"] A number of years ago a friend, an MBA from an Ivy League business school, asked me what the difference between finance and accounting was. Up to that point I had not thought about it myself since my career had me in both worlds. We talked about it for a little bit, and afterwards...
[content field="callout1" format="true" class="calloutwide"] One of the great challenges we face as entrepreneurs is how to deal with all of the choices we face. How should we spend our money, our time, and use available resources to serve our customers best and achieve success? Fortunately, there’s an app for that… well, not an app, but...
[content field="callout1" format="true" class="calloutwide"] Last month, in the first post of the series on Cash Flow, I shared some important lessons I learned about finance by playing the game Monopoly. This month, I want to conclude the two-part series by sharing how to take charge of your bank and four strategies I've found can help...
[content field="callout1" format="true" class="calloutwide"] Funding a start-up business is tough. For the most part, banks, venture capitalists and even angel groups want to fund businesses that have proven themselves. Crowdfunding however, is filling the gap, according to Stand Out In the Crowd: How Women (and Men) Benefit From Equity Crowdfunding. The research was conducted by Ventureneer,...
[content field="callout1" format="true" class="calloutwide"] At some point, most small business owners will need additional cash flow for their businesses, whether it’s for building expansions, covering seasonal payrolls or simply purchasing new pieces of equipment. The first step for many business owners is often seeking a traditional loan from a bank or credit union; however, there...
[content field="callout1" format="true" class="calloutwide"] A couple of months ago, one of my sisters e-mailed me from the dentist: one of my seven year-old nephews had three cavities, and it was not a pleasant visit. When we finally got a chance to catch up at Easter lunch, my nephew went through his new routine that will make...
[content field="callout1" format="true" class="calloutwide"] This week on Ignition, Raj Thakkar, CEO and founder of FOREsight Financial Services for Good shares everything business owners need to know about organizing your business finances. This is box titleQuestion of the Week: I run a popular local restaurant. We have two locations and could do a third but before I go down...
[content field="callout1" format="true" class="calloutwide"] For growing businesses getting paid on time is crucial for survival. Recurring delays in payment of invoices can quickly turn into a cash flow problem, especially with your business creditors waiting at the other end of the line. With payments piling up, you waste productive hours trying to collect amounts that...
