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Archive for “Fund Your Business”

Do You Believe In (Imaginary) Friends?

When talking to Jody DeVere about her company Ask Patty, it’s hard to know where DeVere ends and Patty begins. Both are smart, accomplished and energetic women, but only one has built several businesses, had children, and adapted through several industries. The other is a cartoon. Like best friends though, they do most everything together: [...]

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Vision to Venture webcast is live!

Here’s a link to the webcast of my 8 Secrets to Startup Success. Throughout April and into early May, I was on a seminar tour with the folks at Microsoft Office Live Small Business. The tour, Vision to Venture (aimed at women entrepreneurs), was a huge success. Hundreds of people showed up in St. Louis, [...]

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Don’t Expose Your Assets!

There you are. You just finished reading Rich and Jeff Sloan’s book and you are fired up! You have an idea that you are certain will make make the invention of those small yellow sticky notes look like small potatoes. Not only that, but you are so proud of yourself, because you have done exhaustive [...]

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Financing The Start Of Your 50+ Business

 Even with the most disciplined cost control and effective collection of money your business can run short of cash.  As a matter of fact, this is a fairly constant situation when you are growing your business. To provide the capital to launch and grow three businesses over the past twenty years, two of them after [...]

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Advertising Funds – Part II

Last week I posted a short opinion discussing advertising funds and the benefits and drawbacks associated with them (as it relates to franchises, specifically). One of my responses asked about a start-up franchise vs. a more established brand and it sparked me to pull some information from our research. We've polled over 40,000 franchisees from [...]

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Advertising funds for franchises – benefits and drawbacks

As part of many franchise agreements, franchisors require franchisees to contribute to an advertising fund. Sometimes these funds are national (i.e. McDonald's) and others are regional … the deciding factor 99% of the time is the number of units a franchise has and if it makes sense for a national reach vs. a more targeted [...]

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Getting in Bed with Venture Capitalists

Marc Andreessen, famous co-founder of Netscape, finally comes clean with his opinions about entering a relationship with VC’s. Bottom line: it ain’t a free lunch. As a really smart entrepreneur I know says: "Partners are for dancing." http://blog.pmarca.com/2007/06/the_truth_about.html  There are a variety of circumstances where partnering with VC’s is the best move. But before you [...]

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The Angel Honey Pot Continues to Grow

According to the 2006 Angel Market Analysis released today by the Center for Venture Research at the University of New Hampshire, the angel investor market experienced steady growth in 2006, with total investments of $25.6 billion, an increase of 10.8 percent over 2005. This is an irrefutable statement about the fact that the money is [...]

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Small business loans grubstake entrepreneurs

Huh? I subscribe to a daily ‘Word of the Day’ email from Merriam-Webster and the other day the word was grubstake. grubstake GRUB-stayk verb : to provide with material assistance (as a loan) for launching an enterprise or for a person in difficult circumstances Apparently, the word gained footing during the California gold rush, and [...]

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A small business loan with a twist

Catch 22. You have a terrific idea for a profitable small business. You need some startup cash to get it rolling. Or maybe you’ve started your business and an influx of cash will take it to the next level. Problem is, you haven’t been in business 2 years yet so banks aren’t likely to give [...]

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Cool Company of the day: Prosper.com

By our own experience and by the sheer volume of callers we talk to on our Radio Show, it’s clear that raising money is one of the most intimidating and difficult parts of starting up a business. That’s why we’ve chosen Prosper.com as today’s Cool Company. Prosper.com is a new kind of source of money [...]

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Extra Credit

Like my cell phone and briefcase, credit cards are such an integral part of my life that I forget what life was like before I had one. In speaking with some of my younger friends here in the University of Michigan Entrepreneurs club and elsewhere, I realize that a LOT of 18-20 year olds don’t [...]

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Idealistic Naivete

Every now and then, I speak to an aspiring entrepreneur who is amazed by the daring feats of business-building we all read about here on StartupNation, in magazines such as Inc., and anywhere else a business is being built. They perceive a huge chasm between where they are and where we entrepreneurs sit. This couldn’t [...]

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Help a fellow entrepreneur!

We recently recieved a call for help (via our "Contact Us" button) from a fellow entrepreneur named Jim. Here’s what he wrote: message: Jeff/Rich: So, do I just let it fold? I started my passion play 18 months ago that I’ve been thinking about for 3-4 years. Wireless Tech Radio is a one hour per [...]

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When raising money, use the Goldilocks Approach

Love the instincts and wisdom you entrepreneurs demonstrated in the “Show Me the Money!” blog challenge! There are two really important principles to remember when seeking funding for your business. 1. Make sure you have an ‘alignment of interests.’ This is when you and the provider of the money have similar goals for the investment. [...]

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