Starting a business can be challenging but preparing yourself is the best way to set your business for success. Review these three important tips as you prepare to take on the entrepreneurial path. 1. Understand the legal aspects of starting a business You will have to touch base with federal, state, county and city officials [...]
Are you looking to fund your business without giving away equity? If so, debt financing might be your solution. Before going to the bank though, prepare your business to meet the following loan criteria checklist I call the three-legged stool: credit, collateral and cash flows. 1. Credit: Assuring that anyone who has over 15% ownership of your [...]
We are very proud to announce that the National Hispanic Business Women Association (NHBWA) has named our Regional Director, Priscilla Lopez, as this year’s Business Woman of the Year. Read below on her community involvement and passion for education that makes her stand out. Congratulations Priscilla!
This is a must-see video for anybody looking to raise venture capital. Luis Vasquez, Director of our LaunchPad SBDC, gives a break down of some key tips any business looking to raise VC funding should know and use.
“Cash is King.” Without sufficient cash, even the most profitable business ceases to exist. Cash flow is not about profitability, but the timing of cash flowing in and out of the business. No matter how much you sell, if you don’t collect the money, you’re going to go out of business. As business owners, we [...]
What are the available financing options? There are several options available to finance your startup or existing business. These options may or may not work for you depending on many factors. These financing options include: Own Financing Friends, Family and Fools’ (FFFs) Financing Loan Financing Equity Financing Asset-Based Financing Mezzanine Financing Grants Your Money: The [...]
Why a Business Plan? Business planning is a crucial part of a successful business. Business plans are dynamic instruments used on a regular basis to help owners and executives to plan for future growth and assess past performances. Included in a business plan are financials, competitive landscape, marketing, and sales to name a few. Without [...]
Business partnerships have their advantages and disadvantages. Taking on a business partner is like a marriage. In general, partnerships are easy to get into and difficult to get out of. Certain guidelines should be taken into consideration along with a path to follow – from dating to prenup to marriage – all of which can [...]