Bad Startup Funding Strategy

Nearly every startup seeks funding of some sort. For those going to others for investment — be it friends or family, bank loans, angel investors, venture capital, or some other form — most go about it the wrong way. Today, let’s take a look at the 13 warning signs of a bad startup funding strategy.

A successful startup can be very rewarding for investors. But investors need to choose properly before they devote their financial resources to startup funding. When investors of any kind are making the decision as to whether or not they should invest in a particular startup…

Government Grants Scams
Government Grants Scams

Government grants scams are difficult to spot and easily to fall for. Today’s post will teach you how to spot grant scams, and most importantly, how to beat grant scams by not falling for them in the first place.

First, government grants are difficult to get. On average, only about 3 to 8 percent of competitive grant proposals submitted, get funded. There are exceptions of course, with some programs funding as many as 50% of proposals submitted, but those are the exceptions, not the rule. …

Creating A Cash Flow Statement For Business Owners
Creating A Cash Flow Statement For Business Owners
Creating A Cash Flow Statement For Business Owners

The cash flow statement is a financial document that outlines all cash coming in and out of business during a set period.

When you create a cash flow statement, it creates a picture that offers an overall assessment of the health of a business — an excellent convincing point for investors and analysts to see if a company is on the rise or experiencing struggles.

For some people, the ability to create a cash flow statement appears to be innate. While for others — like me — I have to turn to outside experts because even though I have a…

Crypto Fundraising
Crypto Fundraising

Today we are going to explore funding your startup with cryptocurrency. Cryptocurrency has been making waves in recent years. By definition, cryptocurrency is a type of digital asset that facilitates exchanges through secure financial encryptions and verifications. Over the years, cryptocurrency (“crypto” for short) has evolved as a means to fund startup companies and small businesses. Among the most widely used cryptocurrencies include:

  • BitCoin
  • Ethereum
  • Ripple
  • LiteCoin
  • BitCoin Cash

While gaining popularity, funding your startup with cryptocurrency is not without its drawbacks. …

Rejected Business Grant Proposals
Rejected Business Grant Proposals
Why Business Grant Proposals Are Rejected?

In this post, I’m going to explain some of the top reasons why business grant proposals are rejected, and more importantly, steps you can take to increase your chances of winning a business grant.

The U.S. Federal government awards anywhere from $600 billion to more than $700 billion in grants each year. Of these, only about 4% (slightly more than $6 billion) are awarded as business grants. And while 4% seems pretty small in the overall scheme of government grants, $6 billion in federal business grants is no small number.

And if you add businesses that form strategic partnerships with…

Letters of Commitment-Grant Proposal
Letters of Commitment-Grant Proposal
Letters of Commitment

Grants are great because they provide cities, states, nonprofits, law enforcement agencies and other types of organizations to get the funding they need to implement programs and initiatives, without having to pay that money back. In its most simple terms, grant proposals are written documents that communicate with the funding source why your project, initiative or organization is deserving of the financial infusion.

While the odds of writing a funded grant proposal are not stacked in your favor (on average, just about 3% to 8% of all proposals submitted are awarded funding), including well-written letters of commitment can make your…

Main Street Growth Bill can drive funding for startups

The Main Street Growth Bill is an act sponsored by Rep. Scott Garrett. The primary aim of the bill is to create a secondary market called “venture exchanges” specifically for venture capital investments. This will help “early adopter” investors in startups to sell their shares. In turn, other investors can buy or trade these said stocks.

The summary of the bill reads:

H.R. 4638 provides for the creation and registration of venture exchanges. The bill would require the SEC to approve or deny the application of a venture exchange within six months or the application would be deemed approved.

Key…

Small business versus micro-business

While large-scale companies will always dominate the business playing field and account for the lion’s share, it cannot be denied that the number of start-ups, small and micro businesses is steadily increasing. In fact, nearly half of the giant names, brands and companies that came about in the last decade or so began as nothing more than a one-man or two-man company such as Facebook and Twitter.

For the past decade, micro-businesses have been identified as one of the most common kinds of employer firms, accounting for about 75.3% of private sector employers in 2013 (about 3.7 million companies), according…

More and more women are launching their own startups

Women are taking the social spotlight in more ways than one. Whether it’s in the academe, medicine, the judiciary or politics, women are carving names out for themselves. Business is one of those spheres that has seen the steady rise of women in the corporate ladder. From mere employers, many a number of women are now taking on leadership roles in companies.

According to the United States Small Business Administration, there are about 9.9 million women-owned businesses that are responsible for the employment of some 8.4 million individuals. Furtheremore, there are about 8.8 million women non-employer firms (about 89.5%), …

Five Traits that Make Women Great Entrepreneurs

As Women’s History Month ends, I’d like to end the month with an exploration of some of the key traits that make women great entrepreneurs.

Overall, women have come a long way, and if there is one realm where more and more women are taking the spotlight, it’s the world of business. From being mere workers and employees, women are turning into bosses themselves, owners and self-made entrepreneurs, and giving their male counterparts a run for the money.

According to a Fortune article, in the United States alone, the number of women-owned businesses has grown by 74% since the late…

Ron Flavin

I love entrepreneurship and helping businesses and organizations build foundations for growth and funding success. Let’s talk startups, growth and leadership!

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