including: start-up financing, presenting to investors, venture capital, ratio tools, budgeting and forecasting, bootstrapping
Building on an Oct 2010 report by the SME Financing Data Initiative, Globe & Mail reporter Marjo Johne examines the issues of gender discrimination towards female entrepreneurs seeking business financing. From the article:
What good is a million dollar idea without a few thousand dollars of working capital? Finding a source of financing for your new small business shouldn't be such a challenge, but for many potential entrepreneurs, the difficulty of obtaining the financial support to transform dreams into realities can be a source of frustration and angst.
It’s a common problem that just about every fledgling startup comes upon sooner or later: how do you assemble a diverse team of skilled individuals without breaking the bank? With a limited amount of funds in your hands, you need to be strategic about bringing new talent into the fold. Finding the right balance between people who will do the job well and people who will do the job for less competitive salaries can be tricky, but it’s something you need to pull off if you want to achieve success. To learn more about hiring on a startup budget, check out the tips below.
Keeping track of your financials can seem daunting when you are starting or growing your small business. Accountants and bookkeepers can be expensive, so for entrepreneurs looking to tackle the job themselves, these online tools can help you get expenses under control.
Venture capital is often seen as the holy grail of small business financing, but it isn't for everyone. As most seasoned entrepreneurs will tell you, seeking out venture funding can be a long, expensive process, with some unexpected legal and accounting costs along the way. If you do eventually secure venture capital, you will have to give up part of your control over your own business, which means increased accountability on your part.
Money is a major source of concern for all entrepreneurs. Developing a startup isn’t cheap, which is why it’s important to secure enough funds to get your business on the road to success. In order to clear this hurdle, many entrepreneurs seek out investments from venture capitalists (VCs), receiving funds in exchange for a share of the company’s equity. Though there are numerous risks associated with attaining money from VCs, the payout can be tremendous. To help you navigate the murky waters of the VC landscape, consider the tips below.
It’s no secret that pitching a business can put a mammoth load of stress on an entrepreneur’s shoulders. You can craft an air-tight business model, but it won’t mean much unless you effectively communicate your vision to others—whether they might be investors, employees, customers or somebody else. These people are looking to be inspired as much as they’re looking to be informed, so you need to pitch in such a way that you capture their imaginations along with their minds. The stakes are high and the rewards are even higher, which is why it’s crucial for entrepreneurs to master this skill.
We are proud to support Fundica’s 2014 Funding Roadshow and think it is a great chance for entrepreneurs working on an innovative product to pitch their business seed/ideas to a panel of angels, VCs, banks, and government organizations. Entrepreneurs will individually pitch in a closed setting to funders in order to: • Receive candid feedback on their pitch and business model • Meet experts who provide one-on-one tips for their business • Follow-up with funders and potentially get funded
June 1st marked the start of National Aboriginal History Month in Canada. As such, we felt that it was important to put a
You might have come across the term 'government guaranteed loan' in passing while researching your business financing options, but what does it actually mean? To simplify, think of the first time you applied for a car loan. Was someone (perhaps a parent) willing to co-sign for you? For a business in need of financial support, however, your parents probably aren't the strongest candidates to support your needs.