This tag is associated with 5 posts

The Life of An Entrepreneur

Presentation given on March 2, 2015 @ NSCC Kingstec Advertisements

Strategies for “Going Global” – Global aspects of Entrepreneurship

Establish a presence on the Web Available 24 hours a day to anyone anywhere in the world 2.3 billion Web users worldwide 245 million in U.S. Nearly 2 billion in other countries 23% of global retail sales will take place online by 2015 62% of eBay transactions take place outside the U.S. More than 80% … Continue reading

Six common reasons bankers reject small business loans

1.“Our bank doesn’t make small business loans.”  Cure: Before applying for a loan, research banks to find out which ones seek the type of loan you need. 2.“I don’t know enough about you or your business.” Cure: Develop a detailed business plan to present to the banker. “You haven’t told me why you need the … Continue reading

Sources of Equity Financing

Personal savings The first place an entrepreneur should look for money The most common source of equity capital for starting a business Outside investors and lenders expect entrepreneurs to put some of their own capital into the business before investing theirs Friends and family members After emptying their own pockets, entrepreneurs should turn to those … Continue reading

The “Secrets” to Successful Financing

1. Choosing the right sources of capital can be as important as choosing the right form of ownership or the right location 2. The money is out there; the key is knowing where to look 3. Raising money takes time and effort 4. Creativity counts.  Entrepreneurs have to be as creative in their searches for capital as they are … Continue reading