All Posts in "Month: December 2022"

What You Need To Know About Startup Financing

Before you can start a business, you need to understand the financing options and how they work. There are many different ways to fund your startup, so it’s important that you understand how each one works and what types of financing may be available to you.

What you need to know about startup financing

Startup financing is a way for new businesses to get the money they need to start up. It’s not the only way to start a business, but it is one of the most common ways. How much money you need depends on what you’re going to do with your company and how much time you have before launch day.

What are startup funds?

Startup funds are the money you need to start your business. They can be in the form of a loan, equity investment or a combination of both. Startup funds can come from friends … More >>>

Harvey Olsen by — December 25, 2022 in Company Business
Preparing For Financial Failure

It’s no secret that the odds of startup failure are high. According to a report by CB Insights, 90% of startups fail within the first 18 months and 97% fail within five years. When you start running a company, it’s easy to feel like you’re invincible, but the reality is that there are many risks associated with starting a business and even more ways for things to go wrong. It can be difficult to predict how those problems might arise or how they will affect your business – which is why it’s important to plan ahead when it comes to protecting your finances:

Know your success rate.

Before you start your business, it’s important to know your failure rate. You might be surprised at how high it is.

A study by Portland State University found that only 2% of tech startups make it past the five year mark and only … More >>>

Harvey Olsen by — December 22, 2022 in Company Business
How To Finance A Startup

If you’re like most entrepreneurs, you have an idea for a business and some initial funding to get started. But raising enough money to keep your startup going can be challenging — especially if you’re new to the world of business financing. Fortunately, there are plenty of ways to secure startup capital that don’t involve taking out a mortgage on your house or selling your car on Craigslist. In this article we’ll explore some of these options and how they work so that whether you’re looking for a $100k loan or just need someone with a few dollars in their checking account to help out, we’ll walk through all the steps necessary to make it happen!

Determine how much cash you need to get started.

Once you’ve decided on your core business idea, it’s time to figure out how much money is required to get started.

This is where the … More >>>

Harvey Olsen by — December 12, 2022 in Company Business
Planning For A Startup

Starting a business can be a stressful and challenging process. If you’re not sure how to go about it, there are many resources available to help. In this article, we’ll explore steps you can take to get started with planning your startup.

Define Your Goals

  • Define your goals. Your business plan must be specific, measurable and achievable. You also need to set time limits on each goal. Make sure that you have a clear idea of what success looks like before you start working on it–and then keep in mind that even if the initial objective isn’t met exactly as planned, there may still be some positive outcomes from the work done along the way.
  • SMART (Specific Measurable Achievable Realistic Time-bound) – This is a great tool for making sure that your goals are achievable and realistic within given constraints such as budget or timeline restrictions

Determine Your Target Audience

… More >>>
Harvey Olsen by — December 5, 2022 in Company Business