Debt financing, often in the form of a loan from a bank or other lender is a way for businesses to scale more so than as a way to fund a new business. This section contains posts that describe what entrepreneurs need to know about debt and credit.
Most Businesses Require Some Form of Funding to Get Started. However, Based on What Business Stage the Business Is At, The Sources of Funding Will Be Different. This Is Where Your Funding Plan Comes in To Identify How the Business Will Secure Financing for Each Stage.
Many Entrepreneurs Seek Dumb Money to Fund Their Startups. Dumb Money Places A Drag on The Business with Debt or Dilution of Ownership. Smart Money Provides More Than Money to A Business in Terms of Leverage from Additional Skills, Experience, And Contacts Which Increases the Value of a Business.
When entrepreneurs look at debt financing, their credit score (FICO) plays an important role in being able to get a loan. Essentially, a person's credit score is computed on five dimensions, each with a different weight.
A franchise investment isn’t as high as most people think, especially when you put the investment cost into context and compare it with starting a business from scratch. There are eight factors that determine a franchise's investment costs.
I believe there is a difference between taking advice from a serial starter vs a serial entrepreneur. A serial starter has played the game of business but not yet won. While a serial entrepreneurs in my definition, has not only played the game, but has also won the game by reaching either a natural conclusion to the business or achieved a profitable exit.
Small business entrepreneurs never seem to lack vision, big ideas, or ambition! The vast majority of entrepreneurs I encounter in my practice believe they have a product or service that is so much better than what’s on the market already; they believe that if they can just roll it out, they will be able to […]
There is a huge difference between consumer credit and business credit. Consumer credit funds consumptions while business credit is known as “leverage” and is applied to the purchase of an income-producing asset. As individuals, consumer credit is generally a method we use to obtain what we desire sooner than if we were forced to save […]