Category :: Entrepreneurialism Articles |
Author :: Jan Verhoeff  |
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| Article Title :: My Nemisis |
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| Living in the twilight zone has its advantages. In the early days of starting my business, I found the limitations of living in a rural area to be restrictive. However, later I realized that those limitations were not an obstacle that could stop me; they were only a challenge that would strengthen me. Since my business would be smaller, I would have the advantage of fewer employees and less strife in the processes of doing business.Growth, while difficult in a single entity, could easily be accomplished through multiplication. By repeating the business in several locations, it could become the kind of business I wanted to run. The challenge was no longer in the viability of t (read full article) |
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Category :: Entrepreneurialism Articles |
Author :: Dave Lavinsky  |
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| Article Title :: Pre-Money vs. Post-Money Valuation |
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| When a company decides that it must raise capital, a key question that must be answered is how much the company is worth. For example, if the business needs $500,000 to get started and/or grow, how much of the equity in that company should $500,000 command? Once this question is answered, the company will go out and try to find investors. When doing so, a key question often arises as to whether the valuation is “pre-money” or “post-money.”“Before the money" or “pre-money” and "after the money" or “post-money” denote simple concepts. However, these simple concepts can even confuse even the most sophisticated analysts at times. If a company is valued at $1 million o (read full article) |
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Category :: Entrepreneurialism Articles |
Author :: Dave Lavinsky  |
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| Article Title :: The Term Sheet’s Role in Raising Venture Capital |
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| Entrepreneurs and companies who are seeking venture capital often negotiate with one or more venture capital firms on a number of important issues. These issues include the amount of capital to be raised, the investment terms, etc. The document which summarizes these terms is known as a "term sheet."The term sheet is similar to a letter of intent, that is, it is a nonbinding summary of the key points of the transaction. These points are later covered in detail in the Stock Purchase Agreement and related agreements signed at the time of execution of the transaction.The value of the abbreviated term sheet format is that it speeds up the process of consummating a transaction. S (read full article) |
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Category :: Entrepreneurialism Articles |
Author :: Michelle Dunn  |
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| Article Title :: How A Woman Became A Successful Bill Collector In A "Man's Industry" And How You Can Too! |
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| I have worked in the credit industry for over 17 years now. When I first started out, I only knew a very few women in the industry. That number has grown over the years, but not by much. Being a bill collector has always been categorized as a “man’s industry”.When I was a Credit Manager for other companies I worked for, I always did a good job, and collected more money than any other collector who had my job before me. I loved the job, I loved the challenge, and I loved that I could physically “see” my results by watching the bottom line of bad debt diminish. I once made a chart to bring to my review to show my boss how much more money they had and how much less bad (read full article) |
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Category :: Entrepreneurialism Articles |
Author :: Suzan Fiskin  |
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| Article Title :: Entrepreneurial Business Plan The Down And Dirty Way |
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| Does the idea of running your own business sound exciting? Do you have a business up and running and want to take it to the next level?After coaching hundreds of entrepreneurs at various stages of their evolution, I’ve found that the answers to these 5 questions can make or break any endeavor. Of course there are lots of other areas that must be addressed, however these will get you moving in the right direction quickly.Shhh, don’t tell anyone. Once you have these answers, you’ve created a basic and relatively painless (dare I say it?) Down and Dirty Business Plan™.Are you ready? Go for it!1. What problem do you solve?You MUST begin here. (read full article) |
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Category :: Entrepreneurialism Articles |
Author :: Dave Lavinsky  |
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| Article Title :: Documenting Partnerships in Your Business Plan |
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| Forging partnerships to improve market penetration has become commonplace, particularly for “new economy” businesses. And, most companies proudly mention their many partnerships in their business plans.The fact is that, regardless of whom the partnership is with, partnerships by themselves are meaningless. What are meaningful are the terms of the partnership. For instance, while it sounds great to have a partnership with a Fortune 500 company, the details of the partnership are what investors find important. For instance, investors will look poorly upon a partnership in which the Fortune 500 company earns 90% commissions on customers it refers. On the other hand, investors woul (read full article) |
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Category :: Entrepreneurialism Articles |
Author :: Bill Dueease  |
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| Article Title :: The 7 Major Reasons Businesses Fail and How to Overcome Them |
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| This year, over 800,000 of the approximately 2,000,000 start
up businesses will fail!Nearly 1,000,000 of those remaining will fail within 3 years.
Why do so many businesses fail? Many studies show that
approximately 98% of all failures occur because of the
owners. The other 2% are a result of acts of God. Here are
the key reasons and actions owners can take to avoid and
overcome business failure:Reason #1: The owner is not mentally prepared or
motivated to run a business. There are three different ways
to use your energy, and your physical and mental efforts to
earn money. I call them the three "Games of Work.," and
they define the types of relationships betwe (read full article) |
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Category :: Entrepreneurialism Articles |
Author :: Jayce McMeeken  |
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| Article Title :: Do You Want to Just Survive or Thrive? (Part 1) |
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| You’ve probably heard this, or maybe you will relate to this personally. Have you ever arrived somewhere and wondered, “How did I get here?” or “Why am I here?”Have you ever wondered if you’ve missed the boat (with your family on it)?Life is a battle that must be fought if there is to be a favorable outcome for you, as well as those around you that count the most. But often, we are fighting battles that don’t lead to a desirable outcome, a dream or an ambition realized.They are reactive wars that are based on barely surviving.Do you want to just survive or thrive?For me, thriving offers an alternative way of living that brings abundant out (read full article) |
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Category :: Entrepreneurialism Articles |
Author :: Lance Winslow  |
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| Article Title :: Territory Limitations Policies for Franchised Companies |
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| All franchised companies must have Territory Limitations to maintain the peace within their systems. Often the unspoken ethics of territory limitations are blurred with mobile, home based or online franchise companies. Territory limitations in fixed site franchises are fairly cut and dry. There is your store, no other stores will be placed in the surrounding area delineated on this map within your franchise agreement. Generally things run pretty smoothly in this case. However as co-branding methods, partnerships and online sales increase as consumer demand for the brand increases we often see the franchised companies embattled in encroachment lawsuits in an already litigious industry. (read full article) |
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Category :: Entrepreneurialism Articles |
Author :: Dave Lavinsky  |
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| Article Title :: The Use of Common Stock in Venture Capital Transactions |
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| When raising capital for a business venture, a company can either raise debt capital, equity capital or a combination of the two. Debt capital is money loaned to the company at an agreed interest rate for a fixed time period. Conversely, equity capital is money invested by owners (shareholders) for use in business operations that need not be repaid. Combinations include convertible securities which may be debt that can be converted into equity at some point in the future.The simplest form of equity capital is common stock. Common stock has many distinguishing factors as follows:- Common stock is not convertible into another type of security- Each share enjoys one vote (read full article) |
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