Where Can You Find Funding for a New Startup Business?

Wouldn’t everyone love having a T-Rex-size nest-egg under their mattress when starting a new business? A few million, a few hundred thousand, heck, even a few thousand would make a world of difference. In today’s economy, you’ll be hard-pressed to live your dreams without any sort of tribulations, however minor or severe they may be. Potential business owners, you’re definitely not alone in the dark here; there are a few ways you can get funding for your business.

All you have to do is be prepared. Why do you need a lot of startup capital? Well, you’re going to need marketing, inventory, facilities, expenses, and money set aside for an infinite list of variables. Cash flow is very important. This isn’t to say you can’t start small or even with no budget, but for the sake of this blog we’ll talk about those ideas which do require startup funding.

It’s not like you want to run out and put an entire business on your Visa card. Sure, you’d be a business owner – a broke and indebted business owner. What you need is a serious plan of attack in order to borrow the money to start up your dream venture. Look, nobody’s going to help you unless you can help yourself. It’s absolutely vital that you have a thorough business plan laid out, illustrating the finer points of your business, from concept to conclusion, entailing what you expect to spend and what you expect to make in return. If you don’t take yourself seriously, nobody else is going to either.

You have to prove this concept. And since you believe in your business, this hill is far from insurmountable. There are two main types of business financing out there for you, debt financing and equity financing. With debt financing, you simply borrow the money and agree to pay it back at regular intervals and a set interest rate. However, you’ll owe this money in return, whether your business thrives or flounders. This is risky, but with the aforementioned proper business plan, a lot of lenders are willing to take the chance on you. With equity financing, you’re selling partial ownership of your business in exchange for the startup funds. If the business fails, the investors assume the risk. But if your startup business succeeds, they’ll be the ones making the lion’s share of the profit.

Don’t think that the above methods are your only options for startup capital. You can also try out friends and family. You would be pleasantly surprised how willing that distant cousin or estranged friend is to partner up after they see an amazing business plan. Most likely, they’re also entrepreneurs at heart, and if you show them something that appears to be ironclad, you could have the capital you need. Private lending is also a way to go if the bank says no.

Basically, they’re the same as banks in terms of lending; they’re just more of the “special interest” variety. Leasing is also a great way to go for expensive items, like huge equipment such as vehicles and machines. And although credit cards are a no-no when it comes to funding your entire business, it’s still okay, and probably even in your best interest, to grab some items, such as repairs and small remodels, with your credit card. Today’s video is about key cashflow tips to manage your business finances.

Devon Rex – The Facts Every Owner Of This Cat Breed Should Know

Corporate law has a long history in the United States dating back to Alexander Hamilton and Thomas Jefferson when the government of our then evolving country was being centralized. With the country growing, it became apparent that decisions were needed pertaining to power within states, citizen involvement, public affairs, and so on. The challenge at that time was that Hamilton strongly believed there should be a central government or industrialized nation. However, Jefferson had a different idea, believing an agrarian nation would work best.

When the Federal Constitution was established in the late 18th century, it had no mention of corporations. During this time, most “corporations” were actually British chartered institutions or those associated with education. However, over the years, financial institutions, colleges, and other new types of corporate entities formed. With no laws in place, states had to fend for themselves, making the best decisions possible, although not consistent among each other. A pivotal moment occurred when a college brought forward a lawsuit to have the right to recognize itself along with the ability to terminate professors. John Marshall, a private lawyer spearheaded the case. This particular case among others helped solidify the need and validity of attorney services.

While a number of other similar lawsuits were filed during the early part of the 19th century, it was during the Industrial Revolution when things really began to change. This era brought with it new ideologies, techniques, and inventions. To protect the rights of these innovations, the need for corporate attorneys rose. Another major change occurred during the Civil War in which manufacturing practices exploded. Again, to protect this massive growth along with the people in power within the corporations, lawyers were kept very busy. The railroad and the significant impact upon transportation and its continuing advances also furthered the need for complex legal support.

In the new and growing world, attorneys enjoyed a position of respect and power. The country was founded by men of law and until the 20th century the profession was honored. Legal professionals were seen as valuable experts.

In today’s world, the nation’s leaders are still by and large men and women of law. However, the public enjoys a love/hate relationship with attorneys viewing them as a necessary evil. What has changed?

In the 18th and 19th century legal disputes were largely confined to business issues. People did not routinely sue one another for personal loss, injury or even divorce. As the law became more accessible to the public at large, the caliber of professionals also changed. Divorce attorneys became reviled for winning large settlements, personal injury lawyers were labeled ambulance chasers and unethical attorneys assisted in black market adoptions. Unfortunately, the entire legal profession suffered from guilt by association.
Billing practices may have also led to the negative perception of attorneys. Hourly billing did not appropriately show clients value but instead set them up to question being on the clock for every phone call and letter written. Being billed by the hour put the client in an adversarial position rather than one of mutual partnership further degrading the view of the legal profession.

Although corporate attorneys do not have as bad of a reputation as trial lawyers do, they too have their battles. In house counsel is often seen as a hindrance to business rather than a partner in the business. Sales teams view the Legal Department as obstructions to closing a deal and even Executives sometimes believe that they must “outsmart” Legal in order to grow the business.

However, Legal does not have to be the enemy! When you consider standard business needs such as negotiations, contracts, pricing structures, and risk management combined with the new challenges brought on by the internet, such as internet fraud, identity theft, and email scams, it is easy to understand the demand and necessity of corporate attorneys. In addition to these business challenges, the law itself continues to change. Bankruptcy is an example. Two years ago, filing for bankruptcy was relatively easy but today, new laws have made this practice difficult. Corporate attorneys must stay abreast of all changes, which can be overwhelming.

Legal counsel does not exist to prevent business but to contribute to growing the business. By making Legal a partner rather than an adversary, you can increase the organization’s opportunities and aggressively drive the business forward. You may even find yourself doing lunch with a lawyer, off the clock of course!

MLM Business – Making It Beyond Year Two

Making it to year two as an MLM business owner may seem to be a daunting task. If you are willing to learn from your mistakes and try other ideas, you can make it. In many cases, networkers seem to be lost and caught in some crazy plans that never work. Running a business does not have to be difficult, it does require some foresight and contingency planning. Opening a business is a great step in the right direction, but to make it successful, you will need to work hard at it. The Internet is crowded with businesses already, and it can be difficult to compete with established lines.

Research and Analyze Established Competition

Sneaking a peek at the competition is not a bad thing; every serious business looks at their rivals. Research your MLM business competitors and examine their angle and content, do not duplicate. Do your research and analyze their ideas and angle, it may help you redefine your marketing strategy and content tremendously? This does not mean to steal ideas, but maybe you can change something that you are doing to herd more traffic to your website. Once you analyze their content, you should be able to reconstruct your plans and create more ump for your marketing

The research and analyzing skills are great to have in case of problems that arise. A baseline performance metric is needed to measure from, and it is wise to create one from prosperous and not so successful content to help you adjust your aim.

Live Fearless and Drive Business

How do you live fearless and drive in the business? Your MLM business website is the gateway between you and your prospects. If you fear to change your tactics, strategy, content or mindset, you will not achieve success. Fear is a huge tyrannosaurus Rex of an obstacle, but with a hardy armor and aggressive spirit, you can knock it out of your life.

The biggest secret is that you have to measure your campaigns and adjust your content to help foster relationships. Sometimes an idea fails for a project, but it does not mean it cannot work later once the kinks are worked out. The point is to keep trying unknown ideas and working on your strategy until it works well.

Once you remove the fear, you can find unused strength to push onward. A business may settle down for a bit as you adjust your framework, but you never know when it may pick up again. Keep the faith.